What Next for ANGANG STEEL CO LTD ORDINARY SHARES H C (OTCMKTS:ANGGF) Stock After Increase in Shorted Shares?

May 16, 2018 - By Marie Mckinney

The stock of ANGANG STEEL CO LTD ORDINARY SHARES H C (OTCMKTS:ANGGF) registered an increase of 11.95% in short interest. ANGGF’s total short interest was 6.46M shares in May as published by FINRA. Its up 11.95% from 5.77 million shares, reported previously.

It closed at $0.95 lastly. It is down 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Angang Steel Company Limited engages in the production, processing, and sale of steel products in the PeopleÂ’s Republic of China. The company has market cap of $7.47 billion. The Company’s steel products include hot rolled sheets, cold rolled sheets, galvanized steel sheets, color coating plates, silicon steel, medium and thick plates, wire rods, heavy sections, and seamless steel pipes. It has a 7.72 P/E ratio. The firm also engages in ferrous metal smelting activities.

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