Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,700 shares, a drop of 27.8% from the February 13th total of 7,900 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 4.1 days. Currently, 0.0% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Separately, DZ Bank raised Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.
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Salzgitter Stock Performance
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.
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