Short Interest in Voltalia SA (OTCMKTS:VLTAF) Drops By 76.8%

Voltalia SA (OTCMKTS:VLTAF) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 132,784 shares, a decrease of 76.8% from the June 15th total of 572,522 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

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

Voltalia Stock Performance

Voltalia stock remained flat at $8.54 during midday trading on Friday. Voltalia has a twelve month low of $8.04 and a twelve month high of $9.57. The business’s 50 day simple moving average is $8.78 and its 200-day simple moving average is $8.44.

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.