Short Interest in VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) Drops By 53.2%

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,752 shares, a drop of 53.2% from the July 30th total of 8,015 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 14,211 shares, the short-interest ratio is currently 0.3 days.

VAT Group Stock Down 2.0%

OTCMKTS:VACNY opened at $74.06 on Friday. The company has a 50-day moving average of $80.19 and a 200-day moving average of $74.63. VAT Group has a 52 week low of $31.99 and a 52 week high of $88.91.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of VAT Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of VAT Group in a research note on Wednesday, July 29th. Jefferies Financial Group raised VAT Group from a “moderate sell” rating to a “hold” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of VAT Group in a research report on Friday, July 10th. Finally, Citigroup reissued a “buy” rating on shares of VAT Group in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

VAT Group Company Profile

VAT Group AG is a Switzerland-based manufacturer specializing in high-precision vacuum valves and related flow-control solutions for advanced technology industries. Its core products include gate valves, angle valves, slit valves and vacuum components designed to maintain ultra-high vacuum environments essential to semiconductor fabrication, flat-panel display manufacturing, scientific research and other industrial vacuum applications. In addition to standard product lines, VAT offers customized valve assemblies and integrated subsystems that address the stringent purity and reliability requirements of modern production processes.

Founded in 1965 and headquartered in Haag, Switzerland, VAT Group has grown into a global supplier serving customers across Europe, Asia and the Americas.