Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Grows By 68.6%

Salzgitter AG (OTCMKTS:SZGPY) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,600 shares, a growth of 68.6% from the October 31st total of 5,100 shares. Based on an average trading volume of 18,900 shares, the short-interest ratio is currently 0.5 days.

Salzgitter Stock Performance

Shares of SZGPY stock remained flat at $1.77 on Friday. 81 shares of the stock traded hands, compared to its average volume of 5,245. Salzgitter has a 1 year low of $1.40 and a 1 year high of $3.16. The company’s fifty day moving average price is $1.72 and its 200-day moving average price is $1.85.

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.