Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) Sees Significant Growth in Short Interest

Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,181 shares, an increase of 339.7% from the September 30th total of 496 shares. Based on an average daily volume of 511 shares, the days-to-cover ratio is presently 4.3 days.

Eregli Demir ve Çelik Fabrikalari T.A.S. Price Performance

Shares of ERELY opened at $6.28 on Wednesday. The stock has a 50 day simple moving average of $8.02 and a two-hundred day simple moving average of $7.49. Eregli Demir ve Çelik Fabrikalari T.A.S. has a 1 year low of $6.28 and a 1 year high of $8.02.

Eregli Demir ve Çelik Fabrikalari T.A.S. Company Profile

Ere?li Demir ve Çelik Fabrikalar? T.A.?., commonly known as Erdemir, is a Turkish integrated steel producer headquartered in Zonguldak Province. Established in 1960, the company operates a large steelmaking complex in Ere?li on Turkey’s Black Sea coast and is part of the OYAK Group.

Erdemir manufactures flat steel products, including hot-rolled, cold-rolled, galvanized, tin-coated and heavy-plate steel. These materials are used in industries such as automotive manufacturing, construction, household appliances, machinery, energy and general engineering.