Voestalpine AG (OTCMKTS:VLPNY) Sees Large Decline in Short Interest

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 41 shares, a drop of 87.8% from the October 15th total of 335 shares. Based on an average trading volume of 1,164 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Voestalpine Stock Performance

Voestalpine stock remained flat at $8.25 during midday trading on Friday. The company’s stock had a trading volume of 1,106 shares, compared to its average volume of 982. Voestalpine has a 1 year low of $7.64 and a 1 year high of $11.78. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $9.76 and its 200-day moving average is $10.01. The firm has a market cap of $7.07 billion, a PE ratio of 11.79 and a beta of 1.48.

Wall Street Analysts Forecast Growth

VLPNY has been the subject of a number of recent research reports. Deutsche Bank reissued a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Finally, Zacks Research raised shares of Voestalpine from a “strong sell” rating to a “hold” rating in a report on Thursday, October 29th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Voestalpine presently has an average rating of “Moderate Buy”.

About Voestalpine

voestalpine AG is an Austria-based steel and technology group headquartered in Linz. Its business spans steel production and processing, specialty metals, metal forming, and railway infrastructure. The company supplies products and services to industries including automotive, rail, aerospace, energy, and mechanical engineering. Its offerings include high-performance steels and components, automotive parts, tooling, and rail, switch, and signaling systems. voestalpine’s roots trace to steelworks established in Linz in 1938.