Salzgitter AG (OTCMKTS:SZGPY) Sees Large Increase in Short Interest

Salzgitter AG (OTCMKTS:SZGPY) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,100 shares, a growth of 88.9% from the October 15th total of 2,700 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 1.7 days.

Salzgitter Stock Performance

Shares of OTCMKTS SZGPY traded down $0.01 during trading hours on Friday, hitting $1.81. The company’s stock had a trading volume of 101 shares, compared to its average volume of 3,001. The stock has a market cap of $979.08 million, a price-to-earnings ratio of -4.64 and a beta of 1.51. Salzgitter has a 12 month low of $1.40 and a 12 month high of $3.16. The business has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $1.91.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings data on Monday, August 12th. The basic materials company reported ($0.07) earnings per share for the quarter. The firm had revenue of $2.76 billion for the quarter. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.04%. On average, equities research analysts forecast that Salzgitter will post 0.04 EPS for the current year.

Salzgitter Company Profile

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.