Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Declines By 47.7%

Voestalpine AG (OTCMKTS:VLPNY) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 3,927 shares, a decline of 47.7% from the May 14th total of 7,503 shares. Based on an average daily volume of 68,734 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

VLPNY has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Thursday. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Barclays restated an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Finally, UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Voestalpine currently has an average rating of “Moderate Buy”.

Voestalpine Stock Performance

VLPNY opened at $10.28 on Monday. The company has a market cap of $8.81 billion, a PE ratio of 16.85 and a beta of 1.43. The stock has a 50-day moving average of $10.23 and a 200-day moving average of $9.68. Voestalpine has a 52-week low of $4.90 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.19 billion. Voestalpine had a return on equity of 6.04% and a net margin of 2.97%. As a group, equities research analysts forecast that Voestalpine will post 0.84 earnings per share for the current fiscal year.

About Voestalpine

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.