Acerinox (OTCMKTS:ANIOY) Stock Short Interest Climbs 140.6%

Acerinox (OTCMKTS:ANIOY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,215 shares, a growth of 140.6% from the September 30th total of 505 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 821 shares, the days-to-cover ratio is presently 1.5 days.

Acerinox Stock Performance

OTCMKTS:ANIOY opened at $9.43 on Friday. The firm has a market capitalization of $4.70 billion, a P/E ratio of 72.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79. Acerinox has a one year low of $6.22 and a one year high of $10.74. The company’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $8.79.

Acerinox (OTCMKTS:ANIOY) last released its earnings results on Friday, October 30th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. As a group, analysts forecast that Acerinox will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ANIOY. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a report on Friday, September 4th. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. Finally, Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.