SSAB AB (publ) (OTCMKTS:SSAAF) Sees Significant Growth in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAF) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 277,300 shares, an increase of 2,729.6% from the February 13th total of 9,800 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 924.3 days.

SSAB AB (publ) Stock Up 31.2 %

SSAB AB (publ) stock traded up $1.59 during midday trading on Wednesday, reaching $6.68. The company’s stock had a trading volume of 141 shares, compared to its average volume of 2,885. The business has a 50-day simple moving average of $4.41 and a 200-day simple moving average of $4.62. SSAB AB has a fifty-two week low of $3.86 and a fifty-two week high of $7.00.

SSAB AB (publ) Company Profile

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.