Andritz (OTCMKTS:ADRZY) Short Interest Up 400.0% in September

Key Points

• Short interest in Andritz (OTCMKTS:ADRZY) surged by 400.0% in September, totaling 500 shares by September 30th, compared to 100 shares on September 15th.
• Zacks Research upgraded Andritz from a "strong sell" to a "hold" rating, contributing to an average rating of "Hold" from analysts.
• Andritz reported $0.24 EPS for the last quarter, below the forecasted $0.26 EPS, while revenue surpassed expectations at $2.17 billion.

Andritz (OTCMKTS:ADRZY - Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 500 shares, a growth of 400.0% from the September 15th total of 100 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 400 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Andritz from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Andritz currently has an average rating of "Hold".

Andritz Price Performance

ADRZY opened at $14.18 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.11. Andritz has a 52-week low of $9.35 and a 52-week high of $15.80. The stock has a market capitalization of $7.38 billion, a PE ratio of 13.91 and a beta of 0.93. The stock's 50 day moving average price is $14.54 and its 200-day moving average price is $14.13.

Andritz (OTCMKTS:ADRZY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). Andritz had a net margin of 5.81% and a return on equity of 21.31%. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.93 billion. On average, equities research analysts predict that Andritz will post 1.1 EPS for the current year.

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.

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