Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Drops By 80.4%

Voestalpine AG (OTCMKTS:VLPNY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 786 shares, a decline of 80.4% from the June 15th total of 4,016 shares. Based on an average daily volume of 3,640 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several brokerages have recently commented on VLPNY. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Voestalpine Price Performance

Shares of Voestalpine stock opened at $9.83 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55. Voestalpine has a one year low of $5.30 and a one year high of $11.78. The business’s 50 day simple moving average is $10.29 and its two-hundred day simple moving average is $9.85. The stock has a market capitalization of $8.43 billion, a P/E ratio of 16.11 and a beta of 1.46.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.The firm had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.19 billion. Analysts forecast that Voestalpine will post 0.84 EPS for the current year.

Voestalpine Company Profile

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.