Voestalpine AG (OTCMKTS:VLPNY) Short Interest Update

Voestalpine AG (OTCMKTS:VLPNY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 3,003 shares, a growth of 51.8% from the July 30th total of 1,978 shares. Based on an average daily volume of 3,154 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the company’s stock are short sold.

Voestalpine Stock Performance

VLPNY opened at $10.18 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $10.09 and its two-hundred day moving average price is $10.11. The firm has a market capitalization of $8.73 billion, a P/E ratio of 14.54 and a beta of 1.44. Voestalpine has a 12-month low of $6.31 and a 12-month high of $11.78.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a return on equity of 6.74% and a net margin of 3.39%. On average, equities analysts forecast that Voestalpine will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on VLPNY shares. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Zacks Research raised shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. UBS Group lowered shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Voestalpine presently has an average rating of “Moderate Buy”.

About Voestalpine

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.