Salzgitter AG (OTCMKTS:SZGPY) Short Interest Update

Salzgitter AG (OTCMKTS:SZGPY) saw a significant increase in short interest in 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 days-to-cover ratio is currently 1.7 days.

Salzgitter Price Performance

Shares of OTCMKTS:SZGPY remained flat at $1.82 during trading on Thursday. The stock had a trading volume of 2 shares, compared to its average volume of 6,104. Salzgitter has a 52-week low of $1.40 and a 52-week high of $3.16. The stock has a fifty day simple moving average of $1.68 and a 200-day simple moving average of $1.91.

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

Salzgitter Company Profile

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.