Alstom ADR (OTCMKTS:ALSMY) Sees Large Growth in Short Interest

Alstom ADR (OTCMKTS:ALSMY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 321,291 shares, a growth of 97.5% from the June 15th total of 162,699 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,350,261 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Alstom in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft cut Alstom from a “buy” rating to a “hold” rating in a report on Friday, April 17th. Finally, Kepler Capital Markets upgraded Alstom from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Alstom Price Performance

ALSMY opened at $1.74 on Friday. The firm has a fifty day moving average price of $1.84 and a 200 day moving average price of $2.48. Alstom has a 1 year low of $1.65 and a 1 year high of $3.51. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.24.

Alstom Company Profile

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.