Aurubis AG (OTCMKTS:AIAGY) Sees Significant Decrease in Short Interest

Aurubis AG (OTCMKTS:AIAGY) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 2 shares, a decrease of 99.5% from the December 31st total of 414 shares. Based on an average daily trading volume, of 34 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 34 shares, the days-to-cover ratio is currently 0.1 days.

Aurubis Stock Performance

Shares of AIAGY stock traded up $7.41 during trading on Tuesday, hitting $92.81. 248 shares of the company were exchanged, compared to its average volume of 224. The business’s 50-day simple moving average is $69.53 and its 200 day simple moving average is $63.01. Aurubis has a twelve month low of $42.98 and a twelve month high of $92.81.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AIAGY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aurubis in a report on Friday, January 16th. Morgan Stanley reissued an “underweight” rating on shares of Aurubis in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aurubis has an average rating of “Reduce”.

About Aurubis

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi?metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high?purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.