Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 19 shares, a growth of 533.3% from the January 29th total of 3 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 9,497 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 9,497 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Salzgitter Stock Up 1.7%

Shares of Salzgitter stock traded up $0.11 during trading on Wednesday, reaching $6.40. The company’s stock had a trading volume of 429 shares, compared to its average volume of 3,566. The business’s 50-day moving average price is $5.51 and its 200-day moving average price is $4.04. Salzgitter has a 52 week low of $2.03 and a 52 week high of $6.86. The firm has a market cap of $3.46 billion, a PE ratio of -16.00 and a beta of 1.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SZGPY shares. Oddo Bhf raised Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. UBS Group cut shares of Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Citigroup restated a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Salzgitter currently has an average rating of “Hold”.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.