Voestalpine AG (OTCMKTS:VLPNY) Short Interest Update

Voestalpine AG (OTCMKTS:VLPNY) saw a significant 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 daily volume of 512 shares, the short-interest ratio is presently 3.8 days. Currently, 0.0% of the shares of the stock are sold short.

Voestalpine Stock Performance

VLPNY stock opened at $9.96 on Wednesday. Voestalpine has a 12-month low of $5.35 and a 12-month high of $11.78. The business’s 50-day moving average is $10.15 and its 200 day moving average is $9.95. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 16.33 and a beta of 1.46.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, June 3rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%. On average, sell-side analysts anticipate that Voestalpine will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VLPNY has been the subject of several research analyst reports. UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Voestalpine Company Profile

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.