Short Interest in Salzgitter AG (OTCMKTS:SZGPY) Declines By 35.2%

Salzgitter AG (OTCMKTS:SZGPY) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 7,900 shares, a drop of 35.2% from the January 31st total of 12,200 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 1.1 days.

Salzgitter Stock Down 1.0 %

OTCMKTS SZGPY opened at $2.03 on Friday. Salzgitter has a 12-month low of $1.40 and a 12-month high of $2.70. The firm’s 50 day moving average is $1.74 and its 200-day moving average is $1.71. The company has a market capitalization of $1.10 billion, a PE ratio of -5.20 and a beta of 1.53.

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.