Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Increases By 3,105.3%

Salzgitter AG (OTCMKTS:SZGPY) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 609 shares, an increase of 3,105.3% from the February 12th total of 19 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,852 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 1,852 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Oddo Bhf upgraded shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research note on Monday, January 19th. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a research report on Tuesday, January 6th. UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. One equities 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 given a Sell rating to the stock. According to MarketBeat, Salzgitter currently has an average rating of “Hold”.

Salzgitter Price Performance

SZGPY opened at $5.80 on Wednesday. Salzgitter has a 1 year low of $2.09 and a 1 year high of $6.86. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -14.49 and a beta of 1.36. The firm’s fifty day moving average price is $5.77 and its two-hundred day moving average price is $4.29.

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.