Short Interest in Acerinox (OTCMKTS:ANIOY) Increases By 952.0%

Acerinox (OTCMKTS:ANIOY) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,336 shares, a growth of 952.0% from the May 14th total of 127 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 10,554 shares, the short-interest ratio is currently 0.1 days.

Acerinox Stock Up 2.9%

OTCMKTS:ANIOY opened at $9.44 on Friday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of -94.39 and a beta of 1.11. Acerinox has a one year low of $5.87 and a one year high of $9.57. The stock has a 50-day simple moving average of $8.30 and a 200 day simple moving average of $7.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $3.88 billion. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%. Sell-side analysts predict that Acerinox will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research note on Tuesday, May 19th. Finally, Citigroup restated a “buy” rating on shares of Acerinox in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.