Aurubis AG (OTCMKTS:AIAGY) Short Interest Down 83.8% in March
by Sarita Garza · The Markets DailyAurubis AG (OTCMKTS:AIAGY – Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 62 shares, a drop of 83.8% from the March 15th total of 383 shares. Based on an average daily trading volume, of 142 shares, the days-to-cover ratio is currently 0.4 days.
Aurubis Trading Up 3.9%
AIAGY stock traded up $3.96 during midday trading on Friday, reaching $104.46. 121 shares of the company were exchanged, compared to its average volume of 238. The business has a 50-day moving average price of $95.58 and a two-hundred day moving average price of $77.17. Aurubis has a one year low of $42.98 and a one year high of $104.46.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Morgan Stanley raised shares of Aurubis from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aurubis in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Aurubis
About Aurubis
Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.
The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.