Acerinox, S.A. (OTCMKTS:ANIOY) Sees Large Increase in Short Interest

Acerinox, S.A. (OTCMKTS:ANIOY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,000 shares, a growth of 33.3% from the September 30th total of 1,500 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 0.9 days.

Acerinox Price Performance

Acerinox stock opened at $4.96 on Friday. Acerinox has a 1-year low of $4.53 and a 1-year high of $5.80. The company’s 50-day moving average is $5.15 and its 200 day moving average is $5.26. The firm has a market capitalization of $2.47 billion, a P/E ratio of 16.54 and a beta of 1.43.

Acerinox (OTCMKTS:ANIOY) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1.40 billion during the quarter. Acerinox had a return on equity of 8.99% and a net margin of 1.13%. Research analysts anticipate that Acerinox will post 0.56 earnings per share for the current fiscal year.

About Acerinox

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.