Voltalia SA (OTCMKTS:VLTAF) Short Interest Up 329.8% in July

Voltalia SA (OTCMKTS:VLTAF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 570,764 shares, an increase of 329.8% from the June 30th total of 132,784 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ? days.

Voltalia Price Performance

Shares of Voltalia stock opened at $8.54 on Tuesday. The stock has a 50-day moving average price of $8.85 and a 200 day moving average price of $8.46. Voltalia has a 1 year low of $8.04 and a 1 year high of $9.57.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut shares of Voltalia to an “underweight” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Voltalia

Voltalia SA engages in the production of electricity from renewable energy sources. It operates through two segments, Energy Sales, and Services. The company develops, constructs, operates, and maintains wind, solar, hydro, biomass, and storage plants. It also develops and sells projects, and procures equipment for solar power plants, as well as provides operations and maintenance services. As of December 31, 2022, the company operated solar power plant with an installed capacity of 49.9 MW. It operates in Africa, the Middle East, Asia, other Europe, Brazil, and Latin America.