Andritz AG (OTCMKTS:ADRZY) Sees Large Drop in Short Interest

Andritz AG (OTCMKTS:ADRZY) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 1,800 shares, a drop of 35.7% from the May 15th total of 2,800 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 3.6 days. Currently, 0.0% of the shares of the company are sold short.

Andritz Price Performance

Shares of OTCMKTS:ADRZY opened at $14.06 on Monday. Andritz has a 1-year low of $9.35 and a 1-year high of $14.62. The firm has a market capitalization of $7.31 billion, a PE ratio of 12.90 and a beta of 0.86. The business’s 50 day moving average is $13.52 and its 200-day moving average is $12.07. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.80 billion. Andritz had a net margin of 5.90% and a return on equity of 23.10%. Sell-side analysts predict that Andritz will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

Separately, BNP Paribas raised Andritz from a “hold” rating to an “outperform” rating in a report on Thursday, April 3rd.

Andritz Company Profile

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.