Salzgitter AG (OTCMKTS:SZGPY) Short Interest Up 49.1% in March

Salzgitter AG (OTCMKTS:SZGPY) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,500 shares, an increase of 49.1% from the February 28th total of 5,700 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Salzgitter Stock Up 0.4 %

Shares of SZGPY opened at $2.49 on Friday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -6.38 and a beta of 1.57. Salzgitter has a 52 week low of $1.40 and a 52 week high of $3.01. The stock’s 50-day moving average price is $2.14 and its 200-day moving average price is $1.85.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings data on Friday, March 21st. The basic materials company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.04). Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.33 billion. As a group, equities analysts anticipate that Salzgitter will post -0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on SZGPY. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a report on Wednesday. DZ Bank raised shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

About Salzgitter

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.