Andritz AG (OTCMKTS:ADRZF) Stock Short Interest Jumps 92.9%

Andritz AG (OTCMKTS:ADRZF – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 14,485 shares, an increase of 92.9% from the August 31st total of 7,508 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein initiated coverage on Andritz in a research note on Wednesday, September 23rd. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

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Andritz Price Performance

OTCMKTS:ADRZF opened at $94.95 on Wednesday. Andritz has a 12 month low of $67.22 and a 12 month high of $94.95. The firm’s 50 day moving average is $93.93 and its 200 day moving average is $86.85.

Andritz Company Profile

(Get Free Report)

Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, manufactures and services equipment, systems and process technologies for a range of industrial markets.

Its business is organized around four principal areas: hydropower, pulp and paper, metals, and separation. Products and services include turbines, generators and other hydropower equipment; machinery and production lines for pulp, paper, tissue and biomass processing; technologies for metal forming, rolling and processing; and mechanical and thermal separation systems used in industrial and municipal applications.

Andritz provides project engineering, automation, installation, modernization, maintenance and other lifecycle services in addition to new equipment.

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