Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 3 shares, a decline of 99.9% from the January 15th total of 3,722 shares. Based on an average daily volume of 4,216 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,216 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on SZGPY. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. UBS Group cut Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th. Oddo Bhf raised shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Finally, Zacks Research upgraded Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Salzgitter Stock Up 2.5%

Shares of SZGPY traded up $0.15 during mid-day trading on Tuesday, hitting $6.25. 30,699 shares of the company’s stock were exchanged, compared to its average volume of 1,473. Salzgitter has a 52 week low of $1.83 and a 52 week high of $6.41. The stock’s 50-day simple moving average is $5.16 and its 200-day simple moving average is $3.78. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -15.62 and a beta of 1.41.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.64 billion. Salzgitter had a negative return on equity of 4.31% and a negative net margin of 2.09%. Analysts forecast that Salzgitter will post -0.68 earnings per share for the current fiscal year.

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.