Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6 shares, a decrease of 99.7% from the May 31st total of 1,917 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,221 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several research firms have recently issued reports on SZGPY. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research note on Wednesday, May 13th. Finally, Morgan Stanley raised Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Salzgitter presently has an average rating of “Moderate Buy”.

Salzgitter Stock Performance

Shares of SZGPY stock opened at $5.97 on Friday. Salzgitter has a one year low of $2.25 and a one year high of $7.99. The company’s 50-day moving average is $6.26 and its 200 day moving average is $5.64. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 66.33 and a beta of 1.65.

Salzgitter (OTCMKTS:SZGPY) last issued its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.09. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%.

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.