Salzgitter AG (OTCMKTS:SZGPY) Short Interest Down 99.9% in January

Salzgitter AG (OTCMKTS:SZGPY) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3 shares, a decrease of 99.9% from the January 15th total of 3,722 shares. Based on an average daily volume of 4,216 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 4,216 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms recently commented on SZGPY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Morgan Stanley reaffirmed an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Citigroup restated a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. Finally, Oddo Bhf raised shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Salzgitter Stock Up 5.6%

Shares of Salzgitter stock opened at $6.60 on Thursday. The business has a fifty day simple moving average of $5.21 and a 200-day simple moving average of $3.80. Salzgitter has a fifty-two week low of $1.83 and a fifty-two week high of $6.86. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -16.50 and a beta of 1.41.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings data on Monday, November 10th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.14. Salzgitter had a negative net margin of 2.09% and a negative return on equity of 4.31%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.64 billion. Analysts anticipate that Salzgitter will post -0.68 earnings per share for the current fiscal year.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.