Voestalpine AG (OTCMKTS:VLPNY) Sees Large Increase in Short Interest

Voestalpine AG (OTCMKTS:VLPNY) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 4,500 shares, an increase of 221.4% from the March 15th total of 1,400 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.0% of the company’s stock are sold short.

Voestalpine Price Performance

Voestalpine stock opened at $4.29 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.39 and a quick ratio of 0.43. The company’s fifty day moving average price is $4.63 and its two-hundred day moving average price is $4.17. Voestalpine has a one year low of $3.34 and a one year high of $5.86.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter. Voestalpine had a negative net margin of 0.41% and a negative return on equity of 0.53%. As a group, analysts anticipate that Voestalpine will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, BNP Paribas downgraded shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.