Salzgitter AG (OTCMKTS:SZGPY) Stock Short Interest Report for September

Salzgitter AG (OTCMKTS:SZGPY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,035 shares, an increase of 87.2% from the September 15th total of 553 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 9,849 shares, the days-to-cover ratio is currently 0.1 days.

Salzgitter Price Performance

Shares of SZGPY opened at $5.33 on Friday. The firm has a market cap of $2.88 billion, a P/E ratio of 44.29 and a beta of 1.70. Salzgitter has a 1 year low of $2.97 and a 1 year high of $7.99. The company has a 50 day simple moving average of $6.03 and a two-hundred day simple moving average of $5.93.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). Salzgitter had a return on equity of 1.29% and a net margin of 0.65%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.42 billion. On average, sell-side analysts anticipate that Salzgitter will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research note on Friday, September 4th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Salzgitter Company Profile

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. Its activities are organized across steel production, steel processing, trading and technology. The company supplies steel products for applications in construction, automotive manufacturing, mechanical engineering, energy and other industrial markets.

Its steel business produces flat steel, plate, sections and other rolled products, while its processing operations manufacture tubes, precision steel products and related components.