SSAB AB (publ) (OTCMKTS:SSAAF) Short Interest Up 179.1% in June

SSAB AB (publ) (OTCMKTS:SSAAF) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 34,491 shares, a growth of 179.1% from the June 15th total of 12,358 shares. Based on an average daily volume of 194 shares, the days-to-cover ratio is currently 177.8 days.

SSAB AB (publ) Stock Performance

SSAAF remained flat at $9.33 during midday trading on Monday. The business’s fifty day simple moving average is $9.26 and its 200 day simple moving average is $8.42. SSAB AB has a 52-week low of $5.69 and a 52-week high of $9.99.

SSAB AB (publ) Company Profile

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.