Voestalpine AG (OTCMKTS:VLPNY) Short Interest Update

Voestalpine AG (OTCMKTS:VLPNY) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,003 shares, a growth of 51.8% from the July 30th total of 1,978 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,154 shares, the days-to-cover ratio is currently 1.0 days.

Voestalpine Price Performance

OTCMKTS:VLPNY opened at $10.49 on Tuesday. The firm has a market cap of $8.99 billion, a PE ratio of 14.98 and a beta of 1.44. Voestalpine has a 12 month low of $6.31 and a 12 month high of $11.78. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $10.12.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.38 billion. On average, equities analysts anticipate that Voestalpine will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.