Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,722 shares, an increase of 77.5% from the December 31st total of 2,097 shares. Based on an average daily volume of 2,848 shares, the short-interest ratio is presently 1.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,848 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group cut shares of Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Citigroup restated a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd. Morgan Stanley reaffirmed an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th. Finally, Zacks Research raised Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Salzgitter Trading Down 4.6%

Shares of Salzgitter stock opened at $5.41 on Friday. Salzgitter has a twelve month low of $1.72 and a twelve month high of $5.88. The firm has a market capitalization of $2.93 billion, a PE ratio of -13.52 and a beta of 1.38. The firm’s 50-day moving average price is $4.88 and its 200 day moving average price is $3.61.

Salzgitter (OTCMKTS:SZGPY) last announced its earnings results on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Salzgitter had a negative return on equity of 4.31% and a negative net margin of 2.09%. On average, sell-side analysts predict that Salzgitter will post -0.68 EPS for the current fiscal year.

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.