Salzgitter AG (OTCMKTS:SZGPY) Sees Significant Drop in Short Interest

Salzgitter AG (OTCMKTS:SZGPYGet Free Report) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,700 shares, a decline of 27.8% from the February 13th total of 7,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 4.1 days.

Salzgitter Price Performance

OTCMKTS SZGPY traded up $0.02 on Tuesday, hitting $2.88. 8,507 shares of the company’s stock were exchanged, compared to its average volume of 4,730. The firm’s 50-day moving average price is $1.95 and its two-hundred day moving average price is $1.78. Salzgitter has a fifty-two week low of $1.40 and a fifty-two week high of $2.90. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -7.39 and a beta of 1.57.

Analysts Set New Price Targets

Separately, DZ Bank upgraded Salzgitter from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

Check Out Our Latest Report on Salzgitter

About Salzgitter

(Get Free Report)

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.

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