Short Interest in Andritz AG (OTCMKTS:ADRZY) Decreases By 12.5%

Andritz AG (OTCMKTS:ADRZYGet Rating) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 700 shares, a decline of 12.5% from the August 15th total of 800 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 1.2 days.

Andritz Price Performance

OTCMKTS:ADRZY opened at $8.52 on Friday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 10.92 and a beta of 0.67. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average is $9.08 and its two-hundred day moving average is $8.83. Andritz has a 12-month low of $7.55 and a 12-month high of $11.67.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Exane BNP Paribas assumed coverage on shares of Andritz in a research report on Friday, June 3rd. They issued an “outperform” rating and a €59.00 ($60.20) price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Andritz from €63.00 ($64.29) to €57.00 ($58.16) in a report on Friday, July 15th. Finally, JPMorgan Chase & Co. lowered shares of Andritz from an “overweight” rating to a “neutral” rating in a report on Thursday, September 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.33.

About Andritz

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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. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation. The Pulp & Paper segment supplies technology, automation, and service solutions to produce pulp, paper, board, and tissue; boilers for power generation; flue gas cleaning systems; plants to produce nonwovens and panelboards; and recycling and shredding solutions for various waste materials.

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