Andritz (OTCMKTS:ADRZY) Shares Shorted: Short Interest Up 560.0% in September

Andritz (OTCMKTS:ADRZY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 33 shares, an increase of 560.0% from the September 15th total of 5 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 83 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Andritz Stock Up 6.9%

Andritz stock opened at $19.70 on Friday. The stock has a 50 day moving average of $19.35 and a two-hundred day moving average of $17.88. Andritz has a twelve month low of $13.59 and a twelve month high of $20.45. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.59 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Andritz (OTCMKTS:ADRZY) last released its earnings results on Thursday, July 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Andritz had a net margin of 5.77% and a return on equity of 19.74%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.23 billion. As a group, research analysts expect that Andritz will post 1.23 earnings per share for the current year.

About Andritz

Andritz AG is an Austria-based international technology and engineering group headquartered in Graz. Founded in 1852, the company develops, designs and supplies plants, systems, equipment and services for industrial production and infrastructure projects.

Its main business areas include pulp and paper, metals, hydropower, and environment and energy. Andritz provides technologies for pulp and paper production, paper and tissue processing, metal forming and processing, hydropower generation, wastewater treatment, sludge management, biomass and renewable-energy applications, and related industrial services.

Andritz serves customers worldwide through production facilities, engineering operations and service locations across Europe, the Americas, Asia and other international markets.