Short Interest in SSAB AB (publ) (OTCMKTS:SSAAF) Grows By 179.1%

SSAB AB (publ) (OTCMKTS:SSAAF) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 34,491 shares, a growth of 179.1% from the June 15th total of 12,358 shares. Based on an average trading volume of 194 shares, the short-interest ratio is presently 177.8 days.

SSAB AB (publ) Stock Performance

Shares of SSAAF opened at $9.33 on Wednesday. The company’s fifty day moving average is $9.28 and its 200-day moving average is $8.45. SSAB AB has a 12 month low of $5.69 and a 12 month high of $9.99.

About SSAB AB (publ)

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.