Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Drops By 33.3%

Voestalpine AG (OTCMKTS:VLPNY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 200 shares, a drop of 33.3% from the August 15th total of 300 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 2.0 days.

Voestalpine Stock Performance

Shares of OTCMKTS VLPNY remained flat at $4.46 during midday trading on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.37. The stock’s 50-day moving average price is $4.92 and its two-hundred day moving average price is $5.28. Voestalpine has a 12 month low of $4.33 and a 12 month high of $6.20.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 EPS for the quarter. The business had revenue of $4.46 billion for the quarter. Voestalpine had a return on equity of 1.13% and a net margin of 0.35%. As a group, research analysts anticipate that Voestalpine will post 0.72 earnings per share for the current year.

Voestalpine Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were paid a $0.0955 dividend. The ex-dividend date was Friday, July 12th.

Voestalpine Company Profile

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.