Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 2,097 shares, a drop of 87.2% from the December 15th total of 16,335 shares. Based on an average daily trading volume, of 3,781 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 3,781 shares, the days-to-cover ratio is currently 0.6 days.

Salzgitter Stock Up 0.1%

Salzgitter stock opened at $5.38 on Tuesday. The company’s 50-day moving average price is $4.25 and its two-hundred day moving average price is $3.34. The stock has a market cap of $2.91 billion, a P/E ratio of -13.44 and a beta of 1.38. Salzgitter has a twelve month low of $1.58 and a twelve month high of $5.47.

Salzgitter (OTCMKTS:SZGPY) last posted its earnings results on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.14. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.64 billion. Salzgitter had a negative return on equity of 4.31% and a negative net margin of 2.09%. Equities analysts anticipate that Salzgitter will post -0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on SZGPY shares. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Friday, December 5th. Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. BNP Paribas raised Salzgitter to an “outperform” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Salzgitter in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.