Andritz AG (OTCMKTS:ADRZY) Sees Large Drop in Short Interest

Andritz AG (OTCMKTS:ADRZY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a drop of 99.1% from the November 30th total of 11,100 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is presently 0.0 days.

Andritz Stock Performance

Shares of ADRZY stock opened at $10.04 on Friday. Andritz has a 12 month low of $9.85 and a 12 month high of $14.32. The company has a current ratio of 1.18, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.22 billion, a P/E ratio of 9.21 and a beta of 0.89. The firm has a fifty day moving average price of $11.31 and a 200 day moving average price of $12.21.

Andritz (OTCMKTS:ADRZY) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.26 EPS for the quarter. The business had revenue of $2.24 billion for the quarter. Andritz had a return on equity of 23.35% and a net margin of 5.90%. Sell-side analysts predict that Andritz will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays cut shares of Andritz from a “hold” rating to a “strong sell” rating in a 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.