Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,594 shares, a growth of 26,466.7% from the June 15th total of 6 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,839 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Morgan Stanley raised Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th. Finally, Citigroup restated a “neutral” rating on shares of Salzgitter in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Salzgitter Stock Performance

Shares of SZGPY stock remained flat at $5.88 during mid-day trading on Friday. The stock had a trading volume of 5 shares, compared to its average volume of 2,383. Salzgitter has a fifty-two week low of $2.25 and a fifty-two week high of $7.99. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 65.33 and a beta of 1.72. The business has a fifty day moving average of $6.16 and a two-hundred day moving average of $5.66.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%.The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.53 billion.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.