Salzgitter AG (OTCMKTS:SZGPY) Short Interest Down 27.8% in February

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,700 shares, a decline of 27.8% from the February 13th total of 7,900 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 4.1 days.

Salzgitter Trading Down 4.0 %

Shares of OTCMKTS SZGPY traded down $0.12 during midday trading on Thursday, hitting $2.75. The company's stock had a trading volume of 5,796 shares, compared to its average volume of 5,303. Salzgitter has a 12-month low of $1.40 and a 12-month high of $3.01. The firm has a market cap of $1.49 billion, a P/E ratio of -7.05 and a beta of 1.57. The business's 50 day moving average is $2.02 and its two-hundred day moving average is $1.81.

Wall Street Analysts Forecast Growth

Separately, DZ Bank raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th.

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.