Voestalpine AG (OTCMKTS:VLPNY) Sees Large Growth in Short Interest

Voestalpine AG (OTCMKTS:VLPNY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,958 shares, an increase of 149.1% from the June 30th total of 786 shares. Based on an average trading volume of 512 shares, the short-interest ratio is currently 3.8 days. Currently, 0.0% of the shares of the company are short sold.

Voestalpine Price Performance

Shares of OTCMKTS VLPNY opened at $9.96 on Thursday. The firm has a market cap of $8.54 billion, a P/E ratio of 16.33 and a beta of 1.46. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Voestalpine has a 1-year low of $5.35 and a 1-year high of $11.78. The business’s 50 day moving average is $10.14 and its 200-day moving average is $9.95.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Equities research analysts predict that Voestalpine will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VLPNY. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Finally, UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Voestalpine 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.