Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,500 shares, an increase of 49.1% from the February 28th total of 5,700 shares. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

SZGPY has been the subject of a number of recent analyst reports. Morgan Stanley restated an “underweight” rating on shares of Salzgitter in a research report on Wednesday. DZ Bank raised Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

Salzgitter Price Performance

Shares of OTCMKTS SZGPY traded up $0.01 during trading on Monday, hitting $2.49. 2,002 shares of the company were exchanged, compared to its average volume of 5,868. Salzgitter has a 1 year low of $1.40 and a 1 year high of $3.01. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -6.38 and a beta of 1.57. The firm’s fifty day moving average price is $2.14 and its 200 day moving average price is $1.85.

Salzgitter (OTCMKTS:SZGPY) last issued its earnings results on Friday, March 21st. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.04). Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.33 billion. On average, research analysts forecast that Salzgitter will post -0.68 earnings per share for the current year.

About Salzgitter

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.