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

Andritz AG (OTCMKTS:ADRZY) was the recipient of a significant 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 trading volume of 6,900 shares, the short-interest ratio is presently 0.0 days.

Andritz Trading Up 0.2 %

Shares of Andritz stock opened at $10.04 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $11.31 and its 200-day simple moving average is $12.21. The stock has a market cap of $5.22 billion, a P/E ratio of 9.21 and a beta of 0.89. Andritz has a 1-year low of $9.85 and a 1-year high of $14.32.

Andritz (OTCMKTS:ADRZY) last issued its earnings results on Thursday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter. Andritz had a return on equity of 23.35% and a net margin of 5.90%. The business had revenue of $2.24 billion during the quarter. Analysts predict that Andritz will post 1.23 EPS 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.