Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,700 shares, a drop of 27.8% from the February 13th total of 7,900 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.0% of the shares of the company are sold short.
Analysts Set New Price Targets
Separately, DZ Bank upgraded shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.
Get Our Latest Stock Report on Salzgitter
Salzgitter Trading Up 9.5 %
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.
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