Salzgitter AG Sees Significant Increase in Short Interest

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) experienced a notable rise in short interest throughout January. By January 31st, short interest totaled 12,200 shares, reflecting a substantial increase of 69.4% compared to the 7,200 shares reported on January 15th. Given the average trading volume of 5,000 shares, the days-to-cover ratio currently stands at 2.4 days.

Recent Trading Activity

On Thursday, Salzgitter's stock traded at $1.89, remaining unchanged during the trading session. The trading volume for the day reached 5,723 shares, slightly above the average volume of 5,679. The company's market capitalization is approximately $1.02 billion, with a price-to-earnings ratio of -4.85 and a beta of 1.53. Over the past twelve months, Salzgitter's stock has peaked at $2.70 and reached a low of $1.40. Currently, the firm’s 50-day moving average is $1.68, while the 200-day moving average is $1.69.

Financial Performance

Salzgitter (OTCMKTS:SZGPY - Get Free Report) publicly disclosed its latest earnings results on November 11th. The company reported an earnings per share (EPS) of ($0.37) for the quarter, with revenues amounting to $2.73 billion. Salzgitter has a negative net margin of 1.92% and recorded a negative return on equity of 4.08%. Analysts forecast a projected EPS of -0.68 for the current fiscal year.

Company Overview

Salzgitter AG, along with its subsidiaries, is engaged in steel and technology sectors globally. The company operates across four main segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment focuses on manufacturing steel and special steels, which include hot-rolled wide strips, steel sheets, sections, tailored blanks, and scrap trading.

Investing Insights

Before deciding to invest in Salzgitter, investors may want to analyze recommendations from Wall Street's top-rated analysts. Currently, Salzgitter holds a "Hold" rating, with some analysts suggesting that there are potentially better investment opportunities available.

Salzgitter, Stock, ShortInterest