Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Decreases By 98.1%

Salzgitter AG (OTCMKTS:SZGPY) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 100 shares, a decrease of 98.1% from the August 31st total of 5,200 shares. Based on an average daily trading volume, of 1,900 shares, the short-interest ratio is presently 0.1 days.

Salzgitter Price Performance

Shares of SZGPY stock opened at $1.63 on Friday. The firm’s 50 day moving average price is $1.67 and its two-hundred day moving average price is $2.12. Salzgitter has a 52-week low of $1.52 and a 52-week high of $3.16.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion during the quarter. Salzgitter had a negative return on equity of 0.22% and a negative net margin of 0.10%. As a group, sell-side analysts expect that Salzgitter will post 0.04 earnings per share for the current fiscal year.

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.