Andritz AG (OTCMKTS:ADRZY) Sees Significant Increase in Short Interest

Andritz AG (OTCMKTS:ADRZY) was the recipient of a large increase in short interest in 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. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,700 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

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

Andritz Trading Down 2.5 %

Shares of ADRZY stock opened at $12.05 on Friday. The stock has a market capitalization of $6.27 billion, a P/E ratio of 11.06 and a beta of 0.97. Andritz has a fifty-two week low of $9.35 and a fifty-two week high of $14.32. 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 50 day moving average price of $11.98 and a 200 day moving average price of $11.86.

Andritz (OTCMKTS:ADRZY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.34 billion. Andritz had a net margin of 5.90% and a return on equity of 23.10%. Equities research analysts predict that Andritz will post 1.1 EPS for the current fiscal year.

Andritz Increases Dividend

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

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.