Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Increases By 533.3%

Salzgitter AG (OTCMKTS:SZGPY) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 19 shares, a growth of 533.3% from the January 29th total of 3 shares. Based on an average daily trading volume, of 9,497 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 9,497 shares, the days-to-cover ratio is presently 0.0 days.

Salzgitter Price Performance

OTCMKTS:SZGPY opened at $6.40 on Friday. The company has a market cap of $3.46 billion, a PE ratio of -16.00 and a beta of 1.41. The business’s 50 day moving average is $5.58 and its two-hundred day moving average is $4.07. Salzgitter has a 52 week low of $2.03 and a 52 week high of $6.86.

Wall Street Analysts Forecast Growth

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

Salzgitter Company Profile

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.