Short Interest in Andritz (OTCMKTS:ADRZY) Grows By 857.6%

Andritz (OTCMKTS:ADRZY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,892 shares, a growth of 857.6% from the March 31st total of 302 shares. Based on an average daily volume of 7,063 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Andritz Trading Down 2.6%

Shares of ADRZY stock opened at $15.93 on Friday. The firm has a market capitalization of $8.28 billion, a P/E ratio of 14.89 and a beta of 1.09. Andritz has a twelve month low of $12.95 and a twelve month high of $18.81. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $16.10 and its 200 day simple moving average is $15.83.

Andritz (OTCMKTS:ADRZY) last announced its earnings results on Thursday, March 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.79 billion. Andritz had a return on equity of 20.46% and a net margin of 5.81%. As a group, sell-side analysts predict that Andritz will post 1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research raised Andritz from a “strong sell” rating to a “strong-buy” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Andritz in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.