Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 6 shares, a decline of 99.7% from the May 31st total of 1,917 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,221 shares, the short-interest ratio is currently 0.0 days.

Salzgitter Stock Down 16.9%

Shares of Salzgitter stock traded down $1.01 on Friday, hitting $4.96. The company’s stock had a trading volume of 5,438 shares, compared to its average volume of 1,633. The company has a market capitalization of $2.68 billion, a P/E ratio of 55.11 and a beta of 1.65. Salzgitter has a 52-week low of $2.25 and a 52-week high of $7.99. The firm has a fifty day moving average price of $6.25 and a 200-day moving average price of $5.63.

Salzgitter (OTCMKTS:SZGPY) last posted its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.09. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.53 billion.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SZGPY. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th. Finally, Morgan Stanley raised shares of Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.