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

Andritz (OTCMKTS:ADRZY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 32 shares, a drop of 75.9% from the June 30th total of 133 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 946 shares, the days-to-cover ratio is presently 0.0 days.

Andritz Price Performance

Shares of ADRZY stock opened at $17.25 on Tuesday. Andritz has a 12-month low of $13.59 and a 12-month high of $19.20. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $17.62 and a 200-day moving average of $17.03. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 15.68 and a beta of 1.15.

Andritz (OTCMKTS:ADRZY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. Andritz had a net margin of 5.81% and a return on equity of 20.04%. As a group, equities research analysts predict that Andritz will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADRZY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. Zacks Research upgraded Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Andritz Company Profile

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.