Salzgitter AG (OTCMKTS:SZGPY) Shares Shorted: Short Interest Up 87.2% in September

Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) saw a large increase in short interest during 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. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 9,849 shares, the days-to-cover ratio is currently 0.1 days.

Salzgitter Stock Performance

Shares of Salzgitter stock opened at $5.32 on Thursday. The stock’s fifty day simple moving average is $6.05 and its 200 day simple moving average is $5.93. The company has a market capitalization of $2.87 billion, a PE ratio of 44.29 and a beta of 1.70. Salzgitter has a 12 month low of $2.97 and a 12 month high of $7.99.

Get Salzgitter alerts:

Salzgitter (OTCMKTS:SZGPY – Get Free Report) last posted its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.42 billion. Analysts predict that Salzgitter will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on Salzgitter

Salzgitter Company Profile

(Get Free Report)

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.

Recommended Stories

• Five stocks we like better than Salzgitter
• Tesla Wants to Make Its Own Chips—What Could Go Wrong?
• IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
• PBF Energy’s Stunning Rally Faces a Critical Test
• Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.