Andritz AG (OTCMKTS:ADRZY) Short Interest Update

Andritz AG (OTCMKTS:ADRZY) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, a drop of 42.9% from the March 15th total of 2,100 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 30,100 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, BNP Paribas raised shares of Andritz from a “hold” rating to an “outperform” rating in a research report on Thursday, April 3rd.

Andritz Trading Up 0.9 %

Shares of OTCMKTS:ADRZY opened at $12.10 on Friday. Andritz has a 52-week low of $9.35 and a 52-week high of $14.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.16. The company has a market capitalization of $6.29 billion, a P/E ratio of 11.10 and a beta of 0.88. The company has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $11.66.

Andritz (OTCMKTS:ADRZY) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter. Andritz had a return on equity of 23.10% and a net margin of 5.90%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.34 billion. Sell-side analysts forecast that Andritz will post 1.1 earnings per share for the current year.

Andritz Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 21st. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.5645 per share. This is an increase from Andritz’s previous dividend of $0.35. The ex-dividend date is Tuesday, April 1st. Andritz’s dividend payout ratio (DPR) is currently 31.48%.

About Andritz

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.