Andritz AG (OTCMKTS:ADRZY) Sees Significant Decrease in Short Interest

Andritz AG (OTCMKTS:ADRZY) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,200 shares, a drop of 42.9% from the March 15th total of 2,100 shares. Based on an average daily trading volume, of 30,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, BNP Paribas upgraded Andritz from a “hold” rating to an “outperform” rating in a report on Thursday, April 3rd.

Andritz Price Performance

OTCMKTS ADRZY opened at $12.10 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.16. Andritz has a 52-week low of $9.35 and a 52-week high of $14.32. The business has a 50 day simple moving average of $12.08 and a 200 day simple moving average of $11.66. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 11.10 and a beta of 0.88.

Andritz (OTCMKTS:ADRZY) last announced its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter. Andritz had a net margin of 5.90% and a return on equity of 23.10%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.34 billion. Analysts anticipate that Andritz will post 1.1 earnings per share for the current fiscal year.

Andritz Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 21st. Shareholders of record on Tuesday, April 1st will be paid a $0.5645 dividend. This is a boost from Andritz’s previous dividend of $0.35. The ex-dividend date of this dividend is Tuesday, April 1st. Andritz’s payout ratio is presently 31.48%.

About Andritz

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.