Voestalpine AG (OTCMKTS:VLPNY) Short Interest Up 45.5% in September

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,200 shares, an increase of 45.5% from the September 15th total of 2,200 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 8.0 days. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 8.0 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Voestalpine Trading Up 4.3%

Shares of Voestalpine stock opened at $7.46 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a fifty day moving average price of $6.75 and a 200 day moving average price of $5.71. Voestalpine has a 1 year low of $3.34 and a 1 year high of $7.89. The stock has a market cap of $6.40 billion, a PE ratio of 37.30 and a beta of 1.37.

Voestalpine (OTCMKTS:VLPNY) last issued its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter. Voestalpine had a net margin of 1.02% and a return on equity of 2.15%. The firm had revenue of $4.70 billion during the quarter. Equities research analysts predict that Voestalpine will post 0.45 earnings per share for the current year.

Voestalpine Company Profile

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.