Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,097 shares, a decline of 87.2% from the December 15th total of 16,335 shares. Based on an average daily volume of 3,781 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 3,781 shares, the days-to-cover ratio is currently 0.6 days.

Salzgitter Stock Performance

Salzgitter stock traded up $0.01 during trading on Monday, reaching $5.38. The company had a trading volume of 887 shares, compared to its average volume of 1,999. Salzgitter has a 12-month low of $1.58 and a 12-month high of $5.47. The stock’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $3.32. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -13.44 and a beta of 1.38.

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

Analyst Ratings Changes

Several research firms have issued reports on SZGPY. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Friday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Morgan Stanley reaffirmed an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. Zacks Research raised Salzgitter from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, BNP Paribas upgraded Salzgitter to an “outperform” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Salzgitter presently has an average rating of “Hold”.

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.