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

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

Andritz Trading Down 2.5 %

Shares of Andritz stock opened at $12.05 on Friday. 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 firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 11.06 and a beta of 0.97. The stock has a 50 day moving average of $11.98 and a 200 day moving average of $11.86.

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

Andritz Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st will be paid a $0.5645 dividend. This is an increase from Andritz’s previous dividend of $0.35. The ex-dividend date is Tuesday, April 1st. Andritz’s payout ratio is 30.56%.

Analysts Set New Price Targets

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