Salzgitter AG (OTCMKTS:SZGPY) Sees Significant Increase in Short Interest

Salzgitter AG (OTCMKTS:SZGPY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 8,600 shares, an increase of 68.6% from the October 31st total of 5,100 shares. Based on an average daily volume of 18,900 shares, the short-interest ratio is presently 0.5 days.

Salzgitter Stock Performance

Shares of Salzgitter stock opened at $1.77 on Friday. The stock’s 50 day simple moving average is $1.72 and its 200-day simple moving average is $1.85. Salzgitter has a 1-year low of $1.40 and a 1-year high of $3.16.

About Salzgitter

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.