Salzgitter AG (OTCMKTS:SZGPY) Short Interest Down 52.4% in March

Key Points

• Short interest fell 52.4% in March to 290 shares as of March 13, leaving a days-to-cover ratio of 0.3 and effectively 0.0% of shares sold short.
• The consensus analyst rating is "Hold", based on one Strong Buy, three Buy, four Hold and one Sell among covering analysts.
• Salzgitter missed quarterly EPS (‑$0.05 vs. ‑$0.02 expected), reported a negative net margin and ROE, and analysts forecast about ‑0.68 EPS for the current fiscal year.

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 290 shares, a decrease of 52.4% from the February 26th total of 609 shares. Based on an average daily volume of 950 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

SZGPY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Salzgitter in a research report on Thursday, February 5th. Oddo Bhf upgraded shares of Salzgitter from an "underperform" rating to an "outperform" rating in a research note on Monday, January 19th. UBS Group downgraded shares of Salzgitter from a "buy" rating to a "hold" rating in a research report on Thursday, January 22nd. Morgan Stanley restated an "underweight" rating on shares of Salzgitter in a research note on Tuesday, January 6th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Salzgitter in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Salzgitter currently has a consensus rating of "Hold".

Salzgitter Price Performance

Shares of SZGPY stock opened at $4.59 on Thursday. Salzgitter has a one year low of $2.09 and a one year high of $6.86. The company's fifty day moving average price is $5.67 and its 200-day moving average price is $4.44. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -30.60 and a beta of 1.36.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share 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 during the quarter. Equities research analysts expect that Salzgitter will post -0.68 earnings per share for the current fiscal 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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