Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Increases By 77.5%

Salzgitter AG (OTCMKTS:SZGPY) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 3,722 shares, an increase of 77.5% from the December 31st total of 2,097 shares. Based on an average daily volume of 2,848 shares, the short-interest ratio is presently 1.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,848 shares, the short-interest ratio is presently 1.3 days.

Salzgitter Price Performance

SZGPY opened at $5.41 on Monday. The company has a market cap of $2.93 billion, a PE ratio of -13.52 and a beta of 1.41. Salzgitter has a twelve month low of $1.72 and a twelve month high of $5.88. The company has a 50-day moving average price of $4.88 and a 200 day moving average price of $3.62.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings data on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.14. Salzgitter had a negative return on equity of 4.31% and a negative net margin of 2.09%.The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.64 billion. As a group, sell-side analysts expect that Salzgitter will post -0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SZGPY. Zacks Research upgraded shares of Salzgitter from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft raised shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a research note 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 investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Salzgitter currently has a consensus rating of “Hold”.

Salzgitter Company Profile

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.