Salzgitter AG (OTCMKTS:SZGPY) Short Interest Down 27.8% in February

Salzgitter AG (OTCMKTS:SZGPY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 5,700 shares, a decrease of 27.8% from the February 13th total of 7,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 4.1 days.

Salzgitter Stock Performance

Salzgitter stock opened at $2.86 on Monday. The firm’s fifty day moving average price is $1.92 and its 200-day moving average price is $1.78. The stock has a market cap of $1.55 billion, a P/E ratio of -7.33 and a beta of 1.57. Salzgitter has a fifty-two week low of $1.40 and a fifty-two week high of $2.86.

Analyst Ratings Changes

Separately, DZ Bank upgraded shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

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.