Short Interest in Andritz AG (OTCMKTS:ADRZY) Rises By 133.3%

Andritz AG (OTCMKTS:ADRZY) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,100 shares, an increase of 133.3% from the February 28th total of 900 shares. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Andritz Stock Performance

OTCMKTS ADRZY opened at $12.37 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.16. The company has a fifty day moving average of $11.96 and a 200-day moving average of $11.87. Andritz has a 52-week low of $9.35 and a 52-week high of $14.32. The company has a market capitalization of $6.43 billion, a P/E ratio of 11.34 and a beta of 0.97.

Andritz (OTCMKTS:ADRZY) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.34 billion. Andritz had a net margin of 5.90% and a return on equity of 23.10%. As a group, equities research analysts predict that Andritz will post 1.1 EPS for the current fiscal year.

Andritz Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, April 21st. Shareholders of record on Tuesday, April 1st will be issued a $0.5645 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Andritz’s previous dividend of $0.35. Andritz’s dividend payout ratio (DPR) is 30.56%.

Wall Street Analysts Forecast Growth

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

Andritz Company Profile

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.