Short Interest in Aperam (OTCMKTS:APEMY) Drops By 33.1%

Aperam (OTCMKTS:APEMY – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,688 shares, a decrease of 33.1% from the June 30th total of 2,522 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 267 shares, the short-interest ratio is presently 6.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APEMY. Zacks Research raised shares of Aperam from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Citigroup reissued a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. BNP Paribas Exane cut shares of Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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Aperam Trading Down 0.6%

Shares of OTCMKTS:APEMY opened at $53.71 on Friday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 26.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The stock’s 50-day simple moving average is $55.39 and its two-hundred day simple moving average is $49.57. Aperam has a 52-week low of $29.17 and a 52-week high of $61.65.

Aperam (OTCMKTS:APEMY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.64 by $0.37. Aperam had a net margin of 2.10% and a return on equity of 2.40%. Analysts expect that Aperam will post 2.58 EPS for the current year.

About Aperam

(Get Free Report)

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.

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