Voltalia SA (OTCMKTS:VLTAF) Short Interest Down 76.8% in June

Voltalia SA (OTCMKTS:VLTAF) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 132,784 shares, a decline of 76.8% from the June 15th total of 572,522 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Voltalia Price Performance

VLTAF stock opened at $8.54 on Monday. Voltalia has a fifty-two week low of $8.04 and a fifty-two week high of $9.57. The stock’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $8.44.

Analysts Set New Price Targets

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

Voltalia Company Profile

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.