Acerinox (OTCMKTS:ANIOY) Stock Short Interest Drops 76.2%

Acerinox (OTCMKTS:ANIOY) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 289 shares, a decrease of 76.2% from the October 15th total of 1,215 shares. Based on an average daily trading volume, of 46,943 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Acerinox Stock Up 0.8%

Shares of OTCMKTS:ANIOY opened at $8.84 on Friday. Acerinox has a fifty-two week low of $6.60 and a fifty-two week high of $10.74. The firm’s 50 day moving average price is $9.52 and its 200 day moving average price is $8.84. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 32.48 and a beta of 1.07.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Acerinox had a return on equity of 5.41% and a net margin of 1.93%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. As a group, equities research analysts predict that Acerinox will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANIOY has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. Deutsche Bank reiterated a “buy” rating on shares of Acerinox in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Acerinox presently has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox is a Spain-based metals company that produces and sells stainless steel and high-performance alloys. Founded in 1970, the company serves customers in industries including construction, transportation, energy, food processing and chemical production. Its stainless steel products include flat and long products, such as coils, sheets, plates and bars. Through its acquisition of Haynes International, Acerinox also offers specialty alloys designed for demanding environments, including applications that require resistance to heat or corrosion.