VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) Short Interest Down 87.9% in July

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,015 shares, a decline of 87.9% from the July 15th total of 66,296 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 24,932 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

VACNY has been the topic of a number of research reports. Zacks Research upgraded VAT Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. The Goldman Sachs Group raised shares of VAT Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada restated a “sector perform” rating on shares of VAT Group in a research note on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of VAT Group in a research report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of VAT Group in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

VAT Group Price Performance

Shares of OTCMKTS:VACNY opened at $80.02 on Friday. VAT Group has a 1 year low of $31.99 and a 1 year high of $88.91. The business’s 50 day simple moving average is $81.44 and its 200 day simple moving average is $73.81.

About VAT Group

VAT Group AG is a Switzerland-based manufacturer specializing in high-precision vacuum valves and related flow-control solutions for advanced technology industries. Its core products include gate valves, angle valves, slit valves and vacuum components designed to maintain ultra-high vacuum environments essential to semiconductor fabrication, flat-panel display manufacturing, scientific research and other industrial vacuum applications. In addition to standard product lines, VAT offers customized valve assemblies and integrated subsystems that address the stringent purity and reliability requirements of modern production processes.

Founded in 1965 and headquartered in Haag, Switzerland, VAT Group has grown into a global supplier serving customers across Europe, Asia and the Americas.