Andritz (OTCMKTS:ADRZY) Stock Short Interest Rises 3,190.9%

Andritz (OTCMKTS:ADRZY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,086 shares, a growth of 3,190.9% from the September 30th total of 33 shares. Based on an average daily volume of 637 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.0% of the company’s shares are sold short.

Andritz Stock Up 1.0%

Andritz stock traded up $0.17 during mid-day trading on Monday, hitting $17.99. 2,297 shares of the company’s stock were exchanged, compared to its average volume of 2,167. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $9.35 billion, a P/E ratio of 16.06 and a beta of 1.14. The stock has a 50 day moving average of $19.22 and a two-hundred day moving average of $18.16. Andritz has a 1-year low of $13.59 and a 1-year high of $20.45.

Andritz (OTCMKTS:ADRZY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Andritz had a net margin of 5.77% and a return on equity of 19.74%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.23 billion. As a group, analysts anticipate that Andritz will post 1.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research raised Andritz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group that develops, manufactures and services equipment, systems and technologies for industrial production and energy generation. The company serves customers throughout the life cycle of its products, including project development, engineering, installation, automation, maintenance and aftermarket services.

Its main business areas include pulp and paper production, metals processing, hydropower, and separation and environmental technologies.