Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Drops By 99.9%

Salzgitter AG (OTCMKTS:SZGPY) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3 shares, a decrease of 99.9% from the January 15th total of 3,722 shares. Based on an average trading volume of 4,216 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 4,216 shares, the short-interest ratio is currently 0.0 days.

Salzgitter Price Performance

OTCMKTS:SZGPY traded up $0.15 on Tuesday, reaching $6.25. 30,699 shares of the company’s stock were exchanged, compared to its average volume of 1,473. Salzgitter has a 52 week low of $1.83 and a 52 week high of $6.41. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -15.62 and a beta of 1.41. The stock has a fifty day simple moving average of $5.16 and a 200-day simple moving average of $3.78.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Oddo Bhf upgraded shares of Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Finally, UBS Group downgraded Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Salzgitter has a consensus 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.