VAT Group AG (OTCMKTS:VACNY) Short Interest Down 74.9% in March

VAT Group AG (OTCMKTS:VACNY) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 4,200 shares, a decrease of 74.9% from the February 28th total of 16,700 shares. Based on an average trading volume of 35,000 shares, the days-to-cover ratio is presently 0.1 days.

VAT Group Trading Down 2.0 %

Shares of VACNY traded down $0.75 during midday trading on Friday, hitting $37.42. 21,478 shares of the company traded hands, compared to its average volume of 62,343. VAT Group has a one year low of $35.28 and a one year high of $59.72. The stock has a 50-day moving average of $38.62 and a 200-day moving average of $40.96.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of VAT Group in a report on Thursday, March 6th.

VAT Group Company Profile

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves, multi-valve units, vacuum modules, and edge-welded metal bellows in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. It operates through two segments, Valves and Global Service.