Andritz (OTCMKTS:ADRZY) Sees Large Drop in Short Interest

Andritz (OTCMKTS:ADRZY) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 948 shares, a decline of 67.2% from the April 15th total of 2,892 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,348 shares, the short-interest ratio is currently 0.1 days.

Andritz Stock Performance

ADRZY opened at $17.03 on Friday. The stock has a market cap of $8.86 billion, a PE ratio of 15.48 and a beta of 1.13. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Andritz has a 1 year low of $13.59 and a 1 year high of $19.20. The stock’s 50 day simple moving average is $16.09 and its 200-day simple moving average is $16.12.

Andritz (OTCMKTS:ADRZY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. Andritz had a net margin of 5.81% and a return on equity of 20.19%. Sell-side analysts forecast that Andritz will post 1.24 EPS for the current year.

Wall Street Analyst Weigh In

ADRZY has been the topic of a number of research reports. Zacks Research cut Andritz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Andritz in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.