Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Declines By 47.7%

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 3,927 shares, a drop of 47.7% from the May 14th total of 7,503 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 68,734 shares, the short-interest ratio is presently 0.1 days.

Voestalpine Stock Performance

VLPNY stock opened at $10.28 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.45 and a current ratio of 1.33. The stock has a market cap of $8.81 billion, a P/E ratio of 16.85 and a beta of 1.43. The firm has a 50 day simple moving average of $10.26 and a 200 day simple moving average of $9.70. Voestalpine has a 52 week low of $4.90 and a 52 week high of $11.78.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Voestalpine had a net margin of 2.97% and a return on equity of 6.04%. Research analysts anticipate that Voestalpine will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VLPNY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Barclays reissued an “overweight” rating on shares of Voestalpine in a research report on Monday, February 23rd. Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research report on Tuesday, February 24th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday. Finally, UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.