Salzgitter AG (OTCMKTS:SZGPY) Short Interest Up 22.4% in March

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 10,400 shares, a growth of 22.4% from the March 15th total of 8,500 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 16,900 shares, the short-interest ratio is currently 0.6 days.

Salzgitter Price Performance

Shares of OTCMKTS SZGPY remained flat at $2.37 on Thursday. 91 shares of the company's stock traded hands, compared to its average volume of 5,327. The company has a 50-day simple moving average of $2.44 and a 200 day simple moving average of $1.96. The stock has a market cap of $1.28 billion, a P/E ratio of -6.08 and a beta of 1.37. Salzgitter has a 12 month low of $1.40 and a 12 month high of $3.01.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The basic materials company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.04). Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.33 billion. On average, sell-side analysts forecast that Salzgitter will post -0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on SZGPY. Oddo Bhf cut Salzgitter to an "underperform" rating in a research note on Tuesday, April 15th. Morgan Stanley reissued an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th. DZ Bank raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Kepler Capital Markets raised Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st.

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.