Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Expands By 28.6%

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 2,700 shares, a growth of 28.6% from the September 30th total of 2,100 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 27.0 days.

Salzgitter Stock Performance

OTCMKTS:SZGPY traded up $0.14 during midday trading on Monday, reaching $1.54. The stock had a trading volume of 3,231 shares, compared to its average volume of 1,875. The firm has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $1.98. Salzgitter has a 12-month low of $1.40 and a 12-month high of $3.16.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. Salzgitter had a negative return on equity of 0.22% and a negative net margin of 0.10%. The firm had revenue of $2.76 billion for the quarter. On average, sell-side analysts expect that Salzgitter will post 0.04 EPS for the current year.

About Salzgitter

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.