Andritz (OTCMKTS:ADRZY) Sees Significant Decrease in Short Interest

Andritz (OTCMKTS:ADRZY) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 695 shares, a decrease of 42.4% from the February 26th total of 1,206 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 941 shares, the days-to-cover ratio is presently 0.7 days.

Andritz Price Performance

Shares of OTCMKTS:ADRZY opened at $15.35 on Friday. The firm has a market capitalization of $7.98 billion, a PE ratio of 14.34 and a beta of 0.97. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Andritz has a 1-year low of $10.79 and a 1-year high of $18.81. The business’s 50 day moving average is $16.89 and its 200-day moving average is $15.64.

Andritz (OTCMKTS:ADRZY) last issued its earnings results on Thursday, March 5th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.79 billion. Andritz had a net margin of 5.81% and a return on equity of 21.12%. Sell-side analysts predict that Andritz will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ADRZY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Andritz in a research report on Monday, February 9th. Zacks Research lowered shares of Andritz from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Andritz Company Profile

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.