Andritz AG (OTCMKTS:ADRZF) Sees Large Increase in Short Interest

Andritz AG (OTCMKTS:ADRZF) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 26,139 shares, a growth of 80.5% from the September 15th total of 14,485 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein initiated coverage on shares of Andritz in a report on Wednesday, September 23rd. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Andritz presently has a consensus rating of “Buy”.

Andritz Stock Performance

Shares of Andritz stock opened at $91.38 on Friday. The stock has a 50 day moving average price of $94.59 and a 200-day moving average price of $88.47. Andritz has a one year low of $67.22 and a one year high of $94.95.

About Andritz

Andritz AG is an Austria-based international technology and engineering group that develops, supplies and services plants, systems and equipment for industrial and infrastructure applications. Its offerings include production technologies, automation solutions, aftermarket services and digital systems designed to support customers throughout the life cycle of their equipment and facilities.

The company operates through several core business areas, including pulp and paper, metals, hydropower, and environmental and energy solutions.