Salzgitter AG (OTCMKTS:SZGPY) Short Interest Up 26.6% in March

Key Points

• Short interest up 26.6% — short interest rose to 367 shares as of March 31 (from 290 on March 15), representing roughly 0.0% of shares and a short‑interest ratio of 0.1 days.
• Shares climbed about 8% to $5.64, trading within a 1‑year range of $2.09–$6.86, with a market cap of $3.05 billion and a negative PE (−37.6) after reporting an EPS miss of ($0.05) on $2.46 billion in revenue.
• Analysts are mixed with a consensus "Hold" rating (three Buys, four Holds, one Sell), indicating divided views on the company's near‑term prospects.

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 367 shares, an increase of 26.6% from the March 15th total of 290 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,017 shares, the short-interest ratio is presently 0.1 days.

Salzgitter Trading Up 8.0%

Shares of OTCMKTS SZGPY opened at $5.64 on Thursday. Salzgitter has a 1-year low of $2.09 and a 1-year high of $6.86. The company has a market cap of $3.05 billion, a PE ratio of -37.60 and a beta of 1.54. The company has a 50-day moving average of $5.44 and a two-hundred day moving average of $4.66.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The company had revenue of $2.46 billion during the quarter. Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%. As a group, equities research analysts forecast that Salzgitter will post -0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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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