Salzgitter AG (OTCMKTS:SZGPY) Sees Large Growth in Short Interest

Key Points

• Salzgitter saw a large increase in short interest, rising to 1,184 shares as of April 15 (up 222.6% from 367 on March 31) with a days‑to‑cover ratio of 3.1 based on average daily volume of 388 shares.
• Analysts are mixed — the consensus rating is Hold (three Buys, four Holds, one Sell), indicating no clear bullish or bearish tilt from Wall Street.
• The company reported a quarterly EPS miss of –$0.05 versus –$0.02 expected, has negative margins and ROE, and trades around $5.75 with a $3.11 billion market cap and a 12‑month range of $2.09–$6.86.

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 1,184 shares, an increase of 222.6% from the March 31st total of 367 shares. Based on an average daily volume of 388 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.0% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SZGPY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Salzgitter in a research report on Thursday, February 5th. Morgan Stanley reaffirmed an "underweight" rating on shares of Salzgitter in a report on Tuesday, January 6th. UBS Group downgraded shares of Salzgitter from a "buy" rating to a "hold" rating in a research note on Thursday, January 22nd. Oddo Bhf raised shares of Salzgitter from an "underperform" rating to an "outperform" rating in a research report on Monday, January 19th. Finally, Citigroup restated a "neutral" rating on shares of Salzgitter in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Salzgitter presently has a consensus rating of "Hold".

Salzgitter Trading Up 2.0%

Shares of OTCMKTS SZGPY opened at $5.75 on Friday. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -38.33 and a beta of 1.54. Salzgitter has a twelve month low of $2.09 and a twelve month high of $6.86. The business has a 50 day simple moving average of $5.36 and a 200-day simple moving average of $4.77.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%.The firm had revenue of $2.46 billion for the quarter. As a group, equities analysts predict that Salzgitter will post 0.2 earnings per share for the current year.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany's industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.

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