Acerinox (OTCMKTS:ANIOY) Stock Short Interest Report for October

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ANIOY. Citigroup restated a “buy” rating on shares of Acerinox in a report on Tuesday, September 15th. Deutsche Bank reiterated a “buy” rating on shares of Acerinox in a research note on Friday, September 4th. One 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Acerinox Stock Performance

OTCMKTS:ANIOY opened at $8.77 on Friday. The firm’s fifty day moving average price is $9.55 and its 200 day moving average price is $8.83. Acerinox has a 1-year low of $6.60 and a 1-year high of $10.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 32.48 and a beta of 1.07.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Acerinox had a net margin of 1.93% and a return on equity of 5.41%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. On average, sell-side analysts expect that Acerinox will post 0.48 EPS for the current year.

About Acerinox

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.