Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Decreases By 50.0%

Voestalpine AG (OTCMKTS:VLPNY) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 300 shares, a drop of 50.0% from the July 31st total of 600 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 3.0 days.

Voestalpine Price Performance

Shares of OTCMKTS:VLPNY remained flat at $4.80 during mid-day trading on Wednesday. 3 shares of the stock were exchanged, compared to its average volume of 1,063. Voestalpine has a 52 week low of $4.55 and a 52 week high of $6.20. The firm’s fifty day simple moving average is $5.13 and its two-hundred day simple moving average is $5.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.50 and a current ratio of 1.41.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, August 7th. The company reported $0.17 EPS for the quarter. Voestalpine had a return on equity of 8.39% and a net margin of 3.58%. The firm had revenue of $4.46 billion for the quarter. Sell-side analysts predict that Voestalpine will post 0.72 earnings per share for the current year.

Voestalpine Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th were issued a dividend of $0.0955 per share. The ex-dividend date of this dividend was Friday, July 12th.

About Voestalpine

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.