Aurubis AG (OTCMKTS:AIAGY) Short Interest Update

Aurubis AG (OTCMKTS:AIAGY) was the target of a large 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 days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

AIAGY has been the subject of a number of recent analyst reports. Morgan Stanley upgraded Aurubis from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aurubis in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Aurubis has a consensus rating of “Hold”.

Aurubis Stock Performance

OTCMKTS:AIAGY opened at $111.95 on Friday. Aurubis has a 1-year low of $50.07 and a 1-year high of $128.53. The stock has a fifty day simple moving average of $109.75 and a 200 day simple moving average of $92.37.

Aurubis Company Profile

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.