Andritz AG (OTCMKTS:ADRZY) Short Interest Update

Andritz AG (OTCMKTS:ADRZY - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,200 shares, a drop of 42.9% from the March 15th total of 2,100 shares. Based on an average daily volume of 30,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, BNP Paribas raised Andritz from a "hold" rating to an "outperform" rating in a research report on Thursday, April 3rd.

Andritz Trading Up 0.9 %

Shares of ADRZY traded up $0.11 during midday trading on Friday, hitting $12.10. 3,295 shares of the stock were exchanged, compared to its average volume of 9,173. Andritz has a 52-week low of $9.35 and a 52-week high of $14.32. The firm has a market cap of $6.29 billion, a P/E ratio of 11.10 and a beta of 0.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.16. The stock has a fifty day simple moving average of $12.10 and a 200 day simple moving average of $11.64.

Andritz (OTCMKTS:ADRZY - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter. Andritz had a net margin of 5.90% and a return on equity of 23.10%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.34 billion. On average, research analysts anticipate that Andritz will post 1.1 EPS for the current fiscal year.

Andritz Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st will be issued a $0.5645 dividend. The ex-dividend date is Tuesday, April 1st. This is a positive change from Andritz's previous dividend of $0.35. Andritz's payout ratio is 31.48%.

Andritz Company Profile

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.