Short Interest in Alstom ADR (OTCMKTS:ALSMY) Declines By 81.7%

Alstom ADR (OTCMKTS:ALSMY) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 204,619 shares, a drop of 81.7% from the April 30th total of 1,118,709 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,504,424 shares, the short-interest ratio is presently 0.1 days.

Alstom Stock Up 0.5%

OTCMKTS:ALSMY opened at $1.95 on Friday. The stock’s 50-day simple moving average is $2.25 and its 200 day simple moving average is $2.70. The company has a quick ratio of 0.74, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. Alstom has a twelve month low of $1.84 and a twelve month high of $3.51.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALSMY. Kepler Capital Markets upgraded Alstom from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Citigroup reissued a “buy” rating on shares of Alstom in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered Alstom from a “buy” rating to a “hold” rating in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Alstom presently has a consensus rating of “Hold”.

About Alstom

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.