SSAB AB (publ) (OTCMKTS:SSAAF) Sees Significant Increase in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAF) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 536,300 shares, an increase of 49.7% from the June 30th total of 358,300 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 536.3 days.

SSAB AB (publ) Price Performance

Shares of OTCMKTS:SSAAF remained flat at $5.45 during midday trading on Friday. The stock had a trading volume of 2 shares, compared to its average volume of 1,900. The firm has a fifty day simple moving average of $5.75 and a 200 day simple moving average of $6.54. SSAB AB has a fifty-two week low of $5.17 and a fifty-two week high of $8.23.

About SSAB AB (publ)

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.