Aperam (OTCMKTS:APEMY) Short Interest Up 93.8% in September

Aperam (OTCMKTS:APEMY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,100 shares, a growth of 93.8% from the September 15th total of 1,600 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 3.9 days. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 3.9 days.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APEMY. Jefferies Financial Group cut shares of Aperam from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Zacks Research raised shares of Aperam from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Aperam presently has an average rating of “Hold”.

Aperam Price Performance

Aperam stock opened at $36.63 on Thursday. Aperam has a twelve month low of $25.89 and a twelve month high of $36.63. The firm has a 50 day moving average price of $32.88 and a 200-day moving average price of $31.28. The company has a market capitalization of $2.68 billion, a P/E ratio of 12.67 and a beta of 1.38. The company has a quick ratio of 0.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

Aperam (OTCMKTS:APEMY) last released its earnings results on Thursday, July 31st. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.10). Aperam had a net margin of 3.11% and a return on equity of 1.72%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.71 billion. As a group, equities analysts predict that Aperam will post 2.84 EPS for the current year.

Aperam Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, September 11th. Stockholders of record on Monday, August 18th were given a dividend of $0.444 per share. This represents a dividend yield of 571.0%. The ex-dividend date of this dividend was Friday, August 15th. Aperam’s dividend payout ratio is currently 68.17%.

Aperam Company Profile

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.