Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the target of a large growth in short interest in the month of 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 0.6 days.

Salzgitter Stock Performance

SZGPY opened at $2.43 on Tuesday. The firm has a market cap of $1.31 billion, a P/E ratio of -6.23 and a beta of 1.37. The business’s fifty day moving average is $2.42 and its 200-day moving average is $1.95. Salzgitter has a 52-week low of $1.40 and a 52-week high of $3.01.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings data on Friday, March 21st. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.04). Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.33 billion. On average, research analysts predict that Salzgitter will post -0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.