Andritz AG (OTCMKTS:ADRZY) Short Interest Update

Andritz AG (OTCMKTS:ADRZY) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, a drop of 42.9% from the March 15th total of 2,100 shares. Based on an average daily trading volume, of 30,100 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Andritz Price Performance

ADRZY opened at $11.99 on Thursday. Andritz has a 1 year low of $9.35 and a 1 year high of $14.32. The firm’s fifty day moving average price is $12.06 and its two-hundred day moving average price is $11.67. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 11.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 0.89.

Andritz (OTCMKTS:ADRZY) last announced its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.34 billion. Andritz had a return on equity of 23.10% and a net margin of 5.90%. As a group, analysts anticipate that Andritz will post 1.1 earnings per share for the current fiscal year.

Andritz Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.5645 per share. This is an increase from Andritz’s previous dividend of $0.35. The ex-dividend date is Tuesday, April 1st. Andritz’s dividend payout ratio is presently 31.48%.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised Andritz from a “hold” rating to an “outperform” rating in a report on Thursday, April 3rd.

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.