Short Interest in Andritz (OTCMKTS:ADRZY) Decreases By 97.0%

Andritz (OTCMKTS:ADRZY) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 28 shares, a decline of 97.0% from the April 30th total of 948 shares. Based on an average daily trading volume, of 1,735 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ADRZY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a report on Thursday, May 14th. Zacks Research lowered Andritz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Andritz Trading Up 10.4%

Shares of Andritz stock traded up $1.74 during trading hours on Wednesday, hitting $18.37. The company’s stock had a trading volume of 392 shares, compared to its average volume of 1,965. Andritz has a 12 month low of $13.59 and a 12 month high of $19.20. The stock has a 50 day moving average of $16.17 and a 200 day moving average of $16.22. The company has a market capitalization of $9.55 billion, a PE ratio of 16.70 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.13 and a quick ratio of 0.88.

Andritz (OTCMKTS:ADRZY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). Andritz had a net margin of 5.81% and a return on equity of 20.19%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. Analysts predict that Andritz will post 1.24 earnings per share for the current year.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.