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

Andritz AG (OTCMKTS:ADRZY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 80.0% from the February 29th total of 500 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 0.1 days.

Andritz Stock Performance

Shares of ADRZY opened at $12.20 on Thursday. The stock has a 50 day moving average price of $12.43 and a two-hundred day moving average price of $11.20. Andritz has a 52 week low of $8.79 and a 52 week high of $14.13. The firm has a market capitalization of $6.34 billion, a P/E ratio of 10.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.15.

Andritz (OTCMKTS:ADRZY) last released its quarterly earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter. Andritz had a net margin of 5.89% and a return on equity of 27.22%. The company had revenue of $2.63 billion for the quarter. Equities analysts forecast that Andritz will post 1.16 earnings per share for the current fiscal year.

Andritz Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 12th. Stockholders of record on Tuesday, March 26th will be issued a $0.3463 dividend. The ex-dividend date is Monday, March 25th. This is a positive change from Andritz’s previous dividend of $0.28. Andritz’s dividend payout ratio is currently 31.53%.

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.