Andritz (OTCMKTS:ADRZY) Stock Short Interest Rises 3,190.9%

Key Points

• Andritz short interest surged 3,190.9% to 1,086 shares by October 15, up from 33 shares at the end of September. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a 1.7-day days-to-cover ratio.
• Analyst sentiment is generally positive: Zacks upgraded Andritz from “strong sell” to “hold,” while the broader analyst consensus is “Moderate Buy.”
• The stock recently traded at $17.99, below its 52-week high of $20.45. In its latest quarter, Andritz narrowly missed earnings expectations at $0.26 per share but exceeded revenue estimates with $2.36 billion in sales.

Andritz (OTCMKTS:ADRZY - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,086 shares, a growth of 3,190.9% from the September 30th total of 33 shares. Based on an average trading volume of 637 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Andritz from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Andritz presently has a consensus rating of "Moderate Buy".

Andritz Price Performance

OTCMKTS ADRZY traded up $0.17 on Monday, reaching $17.99. 2,297 shares of the stock traded hands, compared to its average volume of 2,167. Andritz has a 12 month low of $13.59 and a 12 month high of $20.45. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 16.06 and a beta of 1.14. The firm's fifty day simple moving average is $19.22 and its 200 day simple moving average is $18.16. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.15.

Andritz (OTCMKTS:ADRZY - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Andritz had a net margin of 5.77% and a return on equity of 19.74%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, research analysts predict that Andritz will post 1.19 EPS for the current fiscal year.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group that develops, manufactures and services equipment, systems and technologies for industrial production and energy generation. The company serves customers throughout the life cycle of its products, including project development, engineering, installation, automation, maintenance and aftermarket services.

Its main business areas include pulp and paper production, metals processing, hydropower, and separation and environmental technologies.

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