Voestalpine AG (OTCMKTS:VLPNY) Sees Large Drop in Short Interest

Voestalpine AG (OTCMKTS:VLPNY) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 41 shares, a decrease of 87.8% from the October 15th total of 335 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,164 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group raised Voestalpine from a “hold” rating to a “buy” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th. Finally, Zacks Research upgraded shares of Voestalpine from a “strong sell” rating to a “hold” rating in a report on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Voestalpine currently has an average rating of “Moderate Buy”.

Voestalpine Trading Down 7.4%

VLPNY stock traded down $0.69 on Wednesday, reaching $8.61. The company’s stock had a trading volume of 100 shares, compared to its average volume of 4,601. The firm has a market cap of $7.38 billion, a PE ratio of 12.30 and a beta of 1.48. The business has a fifty day simple moving average of $9.83 and a two-hundred day simple moving average of $10.02. Voestalpine has a 12-month low of $7.64 and a 12-month high of $11.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. As a group, research analysts forecast that Voestalpine will post 0.80 EPS for the current year.

Voestalpine Company Profile

voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.