Alstom ADR (OTCMKTS:ALSMY) Short Interest Down 45.5% in January

Alstom ADR (OTCMKTS:ALSMY) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 370,790 shares, a drop of 45.5% from the December 31st total of 680,088 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 714,150 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 714,150 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Alstom Price Performance

Alstom stock opened at $3.14 on Friday. Alstom has a 52-week low of $1.80 and a 52-week high of $3.31. The business has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $2.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 0.97.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup upgraded shares of Alstom from a “neutral” rating to a “buy” rating in a research note on Friday, December 5th. Barclays reissued an “underweight” rating on shares of Alstom in a report on Wednesday, December 3rd. Kepler Capital Markets downgraded Alstom from a “buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alstom in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Alstom has an average rating of “Moderate Buy”.

Alstom Company Profile

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.