Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Expands By 2,000.0%

Salzgitter AG (OTCMKTS:SZGPY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,100 shares, an increase of 2,000.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 3.0 days.

Salzgitter Price Performance

Shares of OTCMKTS SZGPY remained flat at $1.78 during mid-day trading on Friday. The company had a trading volume of 13 shares, compared to its average volume of 244. The business has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $2.06. Salzgitter has a 1 year low of $1.52 and a 1 year high of $3.16.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.07) earnings per share for the quarter. Salzgitter had a negative net margin of 0.10% and a negative return on equity of 0.22%. The firm had revenue of $2.76 billion during the quarter. As a group, equities research analysts anticipate that Salzgitter will post 0.04 earnings per share for the current fiscal year.

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.