Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Declines By 80.4%

Voestalpine AG (OTCMKTS:VLPNY) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 786 shares, a decline of 80.4% from the June 15th total of 4,016 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,640 shares, the short-interest ratio is presently 0.2 days.

Voestalpine Stock Performance

OTCMKTS VLPNY traded up $0.02 during trading hours on Friday, reaching $9.83. The stock had a trading volume of 1,825 shares, compared to its average volume of 961. The stock has a fifty day moving average of $10.29 and a 200 day moving average of $9.85. The stock has a market cap of $8.43 billion, a P/E ratio of 16.11 and a beta of 1.46. Voestalpine has a 52-week low of $5.30 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.35.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.19 billion. Sell-side analysts predict that Voestalpine will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on VLPNY shares. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Finally, UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Voestalpine has a consensus rating of “Moderate Buy”.

About Voestalpine

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.