Salzgitter AG (OTCMKTS:SZGPY) Short Interest Down 99.9% in January

Salzgitter AG (OTCMKTS:SZGPY) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 3 shares, a decline of 99.9% from the January 15th total of 3,722 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,216 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 4,216 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

SZGPY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Oddo Bhf upgraded shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Citigroup reissued a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Salzgitter Trading Up 2.5%

Shares of OTCMKTS:SZGPY opened at $6.25 on Wednesday. Salzgitter has a 1-year low of $1.83 and a 1-year high of $6.41. The stock has a market capitalization of $3.38 billion, a P/E ratio of -15.62 and a beta of 1.41. The business has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $3.78.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings results on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.14. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Salzgitter had a negative net margin of 2.09% and a negative return on equity of 4.31%. As a group, equities analysts predict that Salzgitter will post -0.68 EPS for the current 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.