Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 5,700 shares, a decrease of 27.8% from the February 13th total of 7,900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is presently 4.1 days.

Salzgitter Stock Performance

Shares of Salzgitter stock traded up $0.25 during midday trading on Friday, reaching $2.86. 1,385 shares of the company’s stock traded hands, compared to its average volume of 4,631. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -7.33 and a beta of 1.57. The company’s 50 day simple moving average is $1.92 and its 200 day simple moving average is $1.77. Salzgitter has a 52 week low of $1.40 and a 52 week high of $2.86.

Analyst Ratings Changes

Separately, DZ Bank upgraded shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

Salzgitter Company Profile

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.