Short Interest in Andritz AG (OTCMKTS:ADRZY) Drops By 14.0%

Andritz AG (OTCMKTS:ADRZY) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 11,100 shares, a decline of 14.0% from the November 15th total of 12,900 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 2.0 days.

Andritz Stock Performance

Andritz stock opened at $10.42 on Friday. The business has a 50 day moving average of $11.92 and a 200-day moving average of $12.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.91. Andritz has a 1 year low of $10.24 and a 1 year high of $14.32. The company has a market capitalization of $5.42 billion, a P/E ratio of 9.56 and a beta of 0.89.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $2.24 billion during the quarter. Andritz had a net margin of 5.90% and a return on equity of 23.35%. On average, equities research analysts predict that Andritz will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barclays downgraded Andritz from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 4th.

About Andritz

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.