VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) Sees Large Growth in Short Interest

VAT Group AG – Unsponsored ADR (OTCMKTS:VACNY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 13,463 shares, a growth of 347.7% from the September 15th total of 3,007 shares. Based on an average trading volume of 23,475 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

VAT Group Price Performance

VAT Group stock opened at $79.74 on Tuesday. VAT Group has a 12-month low of $38.62 and a 12-month high of $88.91. The firm has a 50 day moving average of $77.32 and a 200 day moving average of $77.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Jefferies Financial Group raised VAT Group from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Zacks Research downgraded VAT Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of VAT Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of VAT Group in a research note on Friday, July 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of VAT Group in a report on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

About VAT Group

VAT Group AG is a Switzerland-based developer and manufacturer of high-vacuum technology. The company’s product portfolio includes vacuum valves, multi-valve modules, vacuum-management systems, and related components used to control and isolate vacuum environments.

Its products are primarily used in the semiconductor industry, including semiconductor manufacturing and related process equipment. VAT also serves customers in display production, solar and photovoltaic manufacturing, LED production, research, and other industrial applications that require precise vacuum control.

Founded in 1965, VAT Group is headquartered in Haag, Switzerland, and operates internationally through a global sales, service, and manufacturing network.