Short Interest in Acerinox (OTCMKTS:ANIOY) Rises By 952.0%

Acerinox (OTCMKTS:ANIOY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,336 shares, an increase of 952.0% from the May 14th total of 127 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 10,554 shares, the days-to-cover ratio is currently 0.1 days.

Acerinox Trading Up 0.7%

OTCMKTS:ANIOY opened at $9.24 on Wednesday. The company has a fifty day moving average of $8.20 and a 200 day moving average of $7.56. Acerinox has a 52 week low of $5.87 and a 52 week high of $9.57. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $4.61 billion, a P/E ratio of -92.35 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $3.88 billion. On average, research analysts predict that Acerinox will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Tuesday, May 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Acerinox presently has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.