Salzgitter AG (OTCMKTS:SZGPY) Short Interest Up 22.4% in March

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 10,400 shares, a growth of 22.4% from the March 15th total of 8,500 shares. Based on an average daily volume of 16,900 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company's shares are short sold.

Wall Street Analyst Weigh In

SZGPY has been the topic of a number of analyst reports. Kepler Capital Markets upgraded shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Morgan Stanley reiterated an "underweight" rating on shares of Salzgitter in a report on Wednesday, March 26th. DZ Bank upgraded Salzgitter from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Oddo Bhf lowered Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th.

Salzgitter Price Performance

OTCMKTS:SZGPY remained flat at $2.37 during midday trading on Friday. 2 shares of the company were exchanged, compared to its average volume of 5,327. The firm has a market capitalization of $1.28 billion, a PE ratio of -6.08 and a beta of 1.37. Salzgitter has a 52 week low of $1.40 and a 52 week high of $3.01. The business has a 50 day moving average of $2.45 and a two-hundred day moving average of $1.96.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last posted its earnings results on Friday, March 21st. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.04). The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.33 billion. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. As a group, analysts forecast that Salzgitter will post -0.68 EPS for the current fiscal year.

Salzgitter Company Profile

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.