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

Voestalpine AG (OTCMKTS:VLPNY) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 41 shares, a decline of 87.8% from the October 15th total of 335 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,164 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several brokerages have commented on VLPNY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Zacks Research raised shares of Voestalpine from a “strong sell” rating to a “hold” rating in a report on Thursday, October 29th. Finally, UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Voestalpine currently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

VLPNY traded down $0.69 during trading on Wednesday, reaching $8.61. The stock had a trading volume of 100 shares, compared to its average volume of 4,601. The business has a 50-day moving average of $9.83 and a 200-day moving average of $10.02. Voestalpine has a one year low of $7.64 and a one year high of $11.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. The stock has a market cap of $7.38 billion, a PE ratio of 12.30 and a beta of 1.48.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. As a group, equities research analysts anticipate that Voestalpine will post 0.80 EPS for the current fiscal year.

Voestalpine Company Profile

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.