Alstom ADR (OTCMKTS:ALSMY) Sees Significant Increase in Short Interest

Alstom ADR (OTCMKTS:ALSMY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 252,900 shares, an increase of 154.7% from the September 30th total of 99,300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,357,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,357,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Alstom Stock Performance

Alstom stock opened at $2.52 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 0.31. Alstom has a one year low of $1.80 and a one year high of $2.76. The stock has a fifty day moving average of $2.46 and a 200 day moving average of $2.34.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alstom in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Alstom Company Profile

Alstom SA provides solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter trains, regional trains, high-speed trains, and locomotives; asset optimization, cybersecurity, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.