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

Andritz AG (OTCMKTS:ADRZY) was the target of a significant increase in short interest during 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

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

Andritz Price Performance

Shares of OTCMKTS:ADRZY opened at $12.05 on Friday. The company’s fifty day moving average is $11.98 and its two-hundred day moving average is $11.86. The company has a market cap of $6.27 billion, a P/E ratio of 11.06 and a beta of 0.97. Andritz has a 12-month low of $9.35 and a 12-month high of $14.32. The company has a quick ratio of 0.89, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Andritz (OTCMKTS:ADRZY) last issued 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 for the quarter, compared to the consensus estimate of $2.34 billion. Andritz had a return on equity of 23.10% and a net margin of 5.90%. Equities analysts expect that Andritz will post 1.1 earnings per share for the current fiscal 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 given a $0.5645 dividend. This is a positive change from Andritz’s previous dividend of $0.35. The ex-dividend date of this dividend is Tuesday, April 1st. Andritz’s dividend payout ratio is 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.