Andritz AG (OTCMKTS:ADRZF) Short Interest Update

Andritz AG (OTCMKTS:ADRZF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 14,485 shares, an increase of 92.9% from the August 31st total of 7,508 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on shares of Andritz in a research report on Wednesday, September 23rd. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Andritz Stock Performance

OTCMKTS:ADRZF opened at $94.95 on Thursday. Andritz has a 12-month low of $67.22 and a 12-month high of $94.95. The business has a 50 day simple moving average of $94.04 and a 200 day simple moving average of $86.92.

About Andritz

Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, manufactures and services equipment, systems and process technologies for a range of industrial markets.

Its business is organized around four principal areas: hydropower, pulp and paper, metals, and separation. Products and services include turbines, generators and other hydropower equipment; machinery and production lines for pulp, paper, tissue and biomass processing; technologies for metal forming, rolling and processing; and mechanical and thermal separation systems used in industrial and municipal applications.

Andritz provides project engineering, automation, installation, modernization, maintenance and other lifecycle services in addition to new equipment.