Aurubis AG (OTCMKTS:AIAGY – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 67 shares, a drop of 53.1% from the May 14th total of 143 shares. Based on an average daily volume of 180 shares, the short-interest ratio is presently 0.4 days.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on AIAGY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aurubis in a report on Tuesday, May 12th. Morgan Stanley raised Aurubis from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.
Get Our Latest Analysis on Aurubis
Aurubis Price Performance
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.
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