Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 553 shares, a growth of 273.6% from the August 31st total of 148 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 308 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Zacks Research raised shares of Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Jefferies Financial Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. Finally, Morgan Stanley raised Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Salzgitter Stock Performance

OTCMKTS:SZGPY opened at $6.10 on Monday. The stock has a market capitalization of $3.30 billion, a PE ratio of 50.83 and a beta of 1.70. Salzgitter has a 1-year low of $2.97 and a 1-year high of $7.99. The firm has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $5.86.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.15). Salzgitter had a return on equity of 1.29% and a net margin of 0.65%.The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. On average, equities analysts predict that Salzgitter will post 0.22 earnings per share for the current fiscal year.

Salzgitter Company Profile

Salzgitter AG is a Germany-based industrial group headquartered in Salzgitter, Lower Saxony. Its core business is the production and processing of steel products, including flat steel, heavy plate, structural steel, and precision steel tubes. The company supplies products to customers in industries such as automotive manufacturing, construction, mechanical engineering, energy, and infrastructure.

The Salzgitter Group operates through several business areas, including steel production, steel processing, trading, and technology.