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

Voestalpine AG (OTCMKTS:VLPNY) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 335 shares, a decrease of 88.3% from the August 31st total of 2,869 shares. Based on an average daily trading volume, of 813 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

VLPNY has been the subject of several research analyst reports. UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Zacks Research downgraded shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Voestalpine Trading Down 1.3%

Shares of VLPNY stock opened at $10.15 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.41 and a quick ratio of 0.54. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 14.50 and a beta of 1.44. The stock has a 50 day simple moving average of $10.30 and a 200-day simple moving average of $10.04. Voestalpine has a 1-year low of $6.62 and a 1-year high of $11.78.

Voestalpine (OTCMKTS:VLPNY) last announced its 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). Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. On average, equities research analysts expect that Voestalpine will post 0.83 EPS for the current fiscal year.

About Voestalpine

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.