Voestalpine AG (OTCMKTS:VLPNY) Short Interest Update

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 786 shares, a decrease of 80.4% from the June 15th total of 4,016 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,640 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VLPNY. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Voestalpine Trading Up 0.2%

Shares of OTCMKTS VLPNY traded up $0.02 during mid-day trading on Friday, hitting $9.83. 1,825 shares of the company traded hands, compared to its average volume of 961. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. Voestalpine has a 1 year low of $5.30 and a 1 year high of $11.78. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 16.11 and a beta of 1.46. The business has a 50 day moving average of $10.29 and a two-hundred day moving average of $9.85.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.The firm had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.19 billion. On average, sell-side analysts anticipate that Voestalpine will post 0.84 earnings per share for the current fiscal year.

Voestalpine Company Profile

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw?material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.