Acerinox (OTCMKTS:ANIOY) Shares Shorted: Short Interest Up 140.6% in October

Acerinox (OTCMKTS:ANIOY) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,215 shares, an increase of 140.6% from the September 30th total of 505 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 821 shares, the days-to-cover ratio is currently 1.5 days.

Acerinox Stock Performance

Shares of Acerinox stock opened at $9.43 on Friday. The firm has a 50-day simple moving average of $9.80 and a two-hundred day simple moving average of $8.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.65. Acerinox has a fifty-two week low of $6.22 and a fifty-two week high of $10.74. The company has a market cap of $4.70 billion, a P/E ratio of 34.91 and a beta of 1.08.

Acerinox (OTCMKTS:ANIOY) last announced its earnings results on Friday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. As a group, equities analysts predict that Acerinox will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ANIOY has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Acerinox presently has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.