Epiroc Aktiebola Stock Price, News & Analysis
Company Description
Epiroc Aktiebolag S/ADR B (EPOBY) represents Level I American Depositary Receipts (ADRs) for the Class B shares of Epiroc AB, a company described as a global productivity partner for mining and infrastructure customers. The ADRs trade on the OTC market in the United States, giving investors access to Epiroc’s Class B shares through a US dollar–denominated security.
According to information provided by Epiroc Aktiebolag, Epiroc AB develops equipment such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers aftermarket support as well as solutions for automation, digitalization and electrification in its areas of activity. Epiroc is based in Stockholm, Sweden and serves mining and infrastructure customers globally.
The EPOBY ticker corresponds specifically to the Level I ADR – Class B share program administered by Deutsche Bank Trust Company Americas as depositary bank. Each EPOBY ADR represents one underlying Class B share of Epiroc AB, as indicated by the current ratio of 1 ADS to 1 Class B share. The ADRs are eligible for settlement through The Depository Trust Company (DTC), which facilitates electronic clearing and settlement in the US market.
ADR structure and trading
The EPOBY ADR program is part of two sponsored Level I ADR programs for Epiroc AB, one for Class A shares and one for Class B shares. EPOBY relates to the Class B share program, while EPOAY relates to the Class A share program. Both programs are registered under the US Securities Act of 1933. The EPOBY ADRs trade on the OTC market, allowing US investors to gain exposure to Epiroc AB’s Class B equity without directly trading in the Swedish market.
In this structure, Deutsche Bank acts as the depositary bank, while Skandinaviska Enskilda Banken AB is identified as the custodian bank in Sweden. The depositary holds the underlying Swedish shares and issues corresponding ADRs that can be bought and sold in the United States. This arrangement is intended to simplify cross-border investment in Epiroc AB shares for US market participants.
Business focus of Epiroc AB
The description provided by Epiroc AB emphasizes its role as a productivity partner for mining and infrastructure customers. The company develops equipment for both surface and underground applications, including drill rigs and rock excavation and construction equipment and tools. Epiroc also provides aftermarket support and solutions related to automation, digitalization and electrification, which are applied to its mining and infrastructure offerings.
These activities position Epiroc within the broader mining and infrastructure equipment space, with a focus on equipment development, tools, and ongoing support and solutions for its customers. The reference to automation, digitalization and electrification indicates that Epiroc incorporates these themes into its products and services for mining and infrastructure applications, as stated in the information supplied by the company.
Geographic base and corporate context
Epiroc is based in Stockholm, Sweden. Through the ADR programs, Epiroc’s equity is also represented in the US over-the-counter market, with EPOBY corresponding to the Class B share ADR. The depositary receipt information identifies Sweden as the country associated with the underlying shares and confirms the OTC trading venue for the ADRs.
Investor considerations for EPOBY
Investors looking at EPOBY are gaining exposure to the Class B shares of Epiroc AB through an ADR structure. The program is described as a sponsored Level I ADR program, with Deutsche Bank appointed as depositary bank. The ADRs are registered under the US Securities Act of 1933, and the notice describing the program is presented as a matter of record only, without constituting an offer or solicitation for the purchase or sale of securities.
The information about the EPOBY ADR program, including its ratio, trading venue, and the roles of the depositary and custodian banks, is based on the announcement regarding Deutsche Bank’s appointment as depositary bank for Epiroc Aktiebolag’s sponsored ADR programs. The description of Epiroc AB’s activities and focus areas is explicitly attributed to information provided by Epiroc Aktiebolag.
Stock Performance
Epiroc Aktiebola (EPOBY) stock last traded at $18.47. Over the past 12 months, the stock has lost 3.6%.
Latest News
Epiroc Aktiebola has 1 recent news article. Key topics include management. View all EPOBY news →
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Short Interest History
Short interest in Epiroc Aktiebola (EPOBY) currently stands at 101 shares, representing 0.0% of the float. This relatively low short interest suggests limited bearish sentiment. With 1000.0 days to cover, it would take significant time for short sellers to close their positions based on average trading volume.
Days to Cover History
Days to cover for Epiroc Aktiebola (EPOBY) currently stands at 1000.0 days, up 890.1% from the previous period. This elevated days-to-cover ratio indicates it would take over two weeks of average trading volume for short sellers to exit their positions, suggesting potential for a short squeeze if positive news emerges. The days to cover has increased 20518.4% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 1000.0 days.