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Salzgitter AG (OTCMKTS:SZGPY) Sees Significant Increase in Short Interest

Salzgitter logo with Basic Materials background

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 12,200 shares, an increase of 69.4% from the January 15th total of 7,200 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is presently 2.4 days.

Salzgitter Trading Up 1.0 %

SZGPY stock traded up $0.02 during mid-day trading on Monday, hitting $1.91. 3,513 shares of the company were exchanged, compared to its average volume of 1,398. The company has a market capitalization of $1.03 billion, a PE ratio of -4.90 and a beta of 1.53. Salzgitter has a twelve month low of $1.40 and a twelve month high of $2.70. The firm has a fifty day simple moving average of $1.69 and a 200 day simple moving average of $1.69.

Salzgitter Company Profile

(Get Free Report)

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.

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