Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Decreases By 47.7%

Voestalpine AG (OTCMKTS:VLPNY) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 3,927 shares, a decrease of 47.7% from the May 14th total of 7,503 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 68,734 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

VLPNY has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday. Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. UBS Group lowered shares of Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Barclays restated an “overweight” rating on shares of Voestalpine in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Voestalpine Stock Performance

OTCMKTS VLPNY opened at $10.28 on Friday. Voestalpine has a 12 month low of $4.90 and a 12 month high of $11.78. The company has a 50-day moving average of $10.23 and a 200-day moving average of $9.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45. The company has a market cap of $8.81 billion, a P/E ratio of 16.85 and a beta of 1.43.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.19 billion. Voestalpine had a net margin of 2.97% and a return on equity of 6.04%. As a group, equities analysts predict that Voestalpine will post 0.84 earnings per share for the current year.

About Voestalpine

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.