Salzgitter AG (OTCMKTS:SZGPY) Stock Short Interest Rises 493.0%

Salzgitter AG (OTCMKTS:SZGPY) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 6,209 shares, a growth of 493.0% from the October 15th total of 1,047 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,061 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. Finally, UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Salzgitter presently has a consensus rating of “Moderate Buy”.

Salzgitter Stock Performance

SZGPY stock remained flat at $5.73 during trading on Wednesday. 132 shares of the company traded hands, compared to its average volume of 1,711. Salzgitter has a one year low of $3.07 and a one year high of $7.99. The stock has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $5.81. The stock has a market capitalization of $3.10 billion, a PE ratio of 47.75 and a beta of 1.74.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings data on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. As a group, equities research analysts anticipate that Salzgitter will post 0.14 EPS for the current fiscal year.

Salzgitter Company Profile

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter. Its businesses include steel production, steel trading, tube manufacturing and technology, serving customers in industries such as automotive, construction, energy and manufacturing. The company produces a range of steel products, including flat and plate steel, and supplies tubes and pipes for industrial applications. Through its technology business, including KHS, Salzgitter also develops filling and packaging systems for the beverage and liquid-food industries.