Aperam (OTCMKTS:APEMY) Sees Large Growth in Short Interest

Aperam (OTCMKTS:APEMY) was the target of a large growth in short interest in 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 daily trading volume, of 800 shares, the short-interest ratio is currently 3.9 days. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 3.9 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Aperam from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Zacks Research upgraded 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.com, Aperam has a consensus rating of “Hold”.

Aperam Stock Performance

Shares of OTCMKTS:APEMY opened at $36.63 on Wednesday. The company has a market cap of $2.68 billion, a PE ratio of 12.67 and a beta of 1.38. The company’s 50-day moving average price is $32.77 and its 200 day moving average price is $31.24. Aperam has a fifty-two week low of $25.89 and a fifty-two week high of $36.63. 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.10). The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.71 billion. Aperam had a net margin of 3.11% and a return on equity of 1.72%. Sell-side analysts anticipate that Aperam will post 2.84 earnings per share for the current year.

Aperam Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, September 11th. Shareholders 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 was Friday, August 15th. Aperam’s payout ratio is 68.17%.

About Aperam

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.