Short Interest in Angang Steel Company Limited (OTCMKTS:ANGGF) Rises By 29.7%

Angang Steel Company Limited (OTCMKTS:ANGGF) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 8,228,000 shares, a growth of 29.7% from the January 15th total of 6,344,000 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Angang Steel Price Performance

OTCMKTS:ANGGF opened at $0.26 on Tuesday. Angang Steel has a 12-month low of $0.15 and a 12-month high of $0.33. The firm has a 50-day moving average price of $0.26 and a 200 day moving average price of $0.26.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Angang Steel from a “neutral” rating to a “sell” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Angang Steel Company Profile

Angang Steel Co, Ltd. (OTCMKTS:ANGGF) is the overseas-traded arm of Anshan Iron & Steel Group, one of China’s leading integrated steel producers. Headquartered in Anshan, Liaoning Province, the company’s operations span the full steel value chain, including iron ore mining, coke production, blast furnace steelmaking, rolling mills and downstream processing. Its product portfolio encompasses long and flat steel products such as hot-rolled and cold-rolled coils, structural sections, wire rods, seamless tubes and galvanized sheets, serving a broad range of industrial applications.

Founded in the mid-20th century, Angang Steel has expanded from its roots in northeastern China to become a key supplier to major sectors including construction, automotive, machinery, shipbuilding and energy.