Salzgitter AG (OTCMKTS:SZGPY) Short Interest Up 91.7% in July

Key Points

• Salzgitter AG experienced a significant increase in short interest of 91.7% in July, raising the total to 6,900 shares as of July 15th.
• Analysts have downgraded the stock, with Oddo Bhf and DZ Bank cutting their ratings to "underperform" and "hold," respectively.
• The company's recent quarterly earnings report indicated a loss of ($0.07) per share, alongside a negative return on equity of 8.78%.

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 6,900 shares, anincreaseof91.7% from the June 30th total of 3,600 shares. Based on an average daily trading volume, of 8,300 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 8,300 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

SZGPY has been the topic of a number of analyst reports. Oddo Bhf cut Salzgitter to an "underperform" rating in a research note on Tuesday, April 15th. DZ Bank cut Salzgitter from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th.

Salzgitter Stock Performance

Shares of SZGPY stock opened at $2.38 on Wednesday. The firm has a market cap of $1.29 billion, a P/E ratio of -2.94 and a beta of 1.41. Salzgitter has a fifty-two week low of $1.40 and a fifty-two week high of $3.56. The business's 50 day moving average price is $2.50 and its 200-day moving average price is $2.36.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) earnings per share for the quarter. The business had revenue of $2.45 billion during the quarter. Salzgitter had a negative return on equity of 8.78% and a negative net margin of 4.16%. As a group, equities analysts predict that Salzgitter will post -0.68 EPS for the current year.

Salzgitter Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were given a dividend of $0.0117 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 52.0%. Salzgitter's payout ratio is currently -1.23%.

About Salzgitter

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.

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