Andritz (OTCMKTS:ADRZY) Sees Large Decline in Short Interest

Andritz (OTCMKTS:ADRZY) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 695 shares, a decline of 42.4% from the February 26th total of 1,206 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 941 shares, the days-to-cover ratio is presently 0.7 days.

Andritz Stock Performance

OTCMKTS:ADRZY opened at $15.35 on Friday. The stock has a fifty day moving average price of $16.85 and a two-hundred day moving average price of $15.66. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 14.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.11. Andritz has a 1 year low of $10.79 and a 1 year high of $18.81.

Andritz (OTCMKTS:ADRZY) last issued 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 analysts’ expectations of $2.79 billion. Andritz had a return on equity of 21.12% and a net margin of 5.81%. As a group, sell-side analysts anticipate that Andritz will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADRZY shares. Zacks Research downgraded shares of Andritz from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

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.