Salzgitter AG (OTCMKTS:SZGPY) Sees Large Increase in Short Interest

Salzgitter AG (OTCMKTS:SZGPY) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,100 shares, an increase of 88.9% from the October 15th total of 2,700 shares. Based on an average trading volume of 3,000 shares, the short-interest ratio is currently 1.7 days.

Salzgitter Price Performance

OTCMKTS SZGPY traded down $0.01 during mid-day trading on Friday, reaching $1.81. The stock had a trading volume of 101 shares, compared to its average volume of 3,001. Salzgitter has a 1 year low of $1.40 and a 1 year high of $3.16. The stock has a market cap of $979.08 million, a PE ratio of -4.64 and a beta of 1.51. The company has a fifty day moving average price of $1.68 and a 200 day moving average price of $1.91.

Salzgitter (OTCMKTS:SZGPY) last announced its earnings results on Monday, August 12th. The basic materials company reported ($0.07) earnings per share for the quarter. The company had revenue of $2.76 billion for the quarter. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.04%. As a group, equities research analysts expect that Salzgitter will post 0.04 earnings per share for the current year.

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.