Alstom SA (OTCMKTS:ALSMY) Sees Large Decline in Short Interest

Alstom SA (OTCMKTS:ALSMY) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 16,900 shares, a decrease of 85.6% from the March 15th total of 117,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,212,500 shares, the days-to-cover ratio is currently 0.0 days.

Alstom Stock Up 4.0 %

ALSMY traded up $0.08 on Monday, reaching $2.08. 1,266,036 shares of the stock were exchanged, compared to its average volume of 741,502. Alstom has a fifty-two week low of $1.42 and a fifty-two week high of $2.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.74 and a current ratio of 0.96. The company’s 50-day moving average price is $2.22 and its 200 day moving average price is $2.16.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup downgraded Alstom from a “strong-buy” rating to a “neutral” rating in a research report on Monday, March 10th. The Goldman Sachs Group lowered shares of Alstom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 7th.

About Alstom

Alstom SA provides solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter trains, regional trains, high-speed trains, and locomotives; asset optimization, cybersecurity, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.