Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 5,100 shares, an increase of 410.0% from the July 15th total of 1,000 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 2.0 days.

Salzgitter Price Performance

Shares of Salzgitter stock remained flat at $1.62 on Monday. 7 shares of the stock traded hands, compared to its average volume of 1,748. Salzgitter has a fifty-two week low of $1.55 and a fifty-two week high of $3.16. The stock’s 50-day moving average is $1.93 and its 200-day moving average is $2.35.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Monday, May 13th. The basic materials company reported $0.03 earnings per share for the quarter. Salzgitter had a return on equity of 1.51% and a net margin of 0.71%. The company had revenue of $2.91 billion during the quarter. On average, equities research analysts expect that Salzgitter will post 0.12 earnings per share for the current fiscal year.

Salzgitter Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 18th. Stockholders of record on Friday, May 31st were issued a dividend of $0.0317 per share. The ex-dividend date of this dividend was Friday, May 31st. Salzgitter’s dividend payout ratio is currently 20.00%.

Salzgitter Company Profile

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.