Andritz AG (OTCMKTS:ADRZY) Short Interest Down 26.3% in May

Andritz AG (OTCMKTS:ADRZY - Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 2,800 shares, a drop of 26.3% from the April 30th total of 3,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

Separately, BNP Paribas upgraded shares of Andritz from a "hold" rating to an "outperform" rating in a research note on Thursday, April 3rd.

Andritz Price Performance

Shares of Andritz stock traded up $0.05 during trading hours on Friday, reaching $14.20. The stock had a trading volume of 641 shares, compared to its average volume of 7,561. The stock's 50 day moving average is $12.98 and its 200 day moving average is $11.83. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. Andritz has a twelve month low of $9.35 and a twelve month high of $14.62. The firm has a market capitalization of $7.38 billion, a PE ratio of 13.02 and a beta of 0.89.

Andritz (OTCMKTS:ADRZY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.80 billion. Andritz had a net margin of 5.90% and a return on equity of 23.10%. Equities analysts expect that Andritz will post 1.1 earnings per share for the current fiscal year.

Andritz Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st were given a $0.5645 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from Andritz's previous dividend of $0.35. Andritz's payout ratio is 32.69%.

About Andritz

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.