Short Interest in Voltalia SA (OTCMKTS:VLTAF) Increases By 329.8%

Voltalia SA (OTCMKTS:VLTAF) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 570,764 shares, an increase of 329.8% from the June 30th total of 132,784 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Voltalia Stock Performance

Voltalia stock opened at $8.54 on Friday. Voltalia has a 1 year low of $8.04 and a 1 year high of $9.57. The firm’s 50-day moving average is $8.84 and its 200-day moving average is $8.46.

Analyst Ratings Changes

Separately, Morgan Stanley cut Voltalia to an “underweight” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Voltalia Company Profile

Voltalia SA engages in the production of electricity from renewable energy sources. It operates through two segments, Energy Sales, and Services. The company develops, constructs, operates, and maintains wind, solar, hydro, biomass, and storage plants. It also develops and sells projects, and procures equipment for solar power plants, as well as provides operations and maintenance services. As of December 31, 2022, the company operated solar power plant with an installed capacity of 49.9 MW. It operates in Africa, the Middle East, Asia, other Europe, Brazil, and Latin America.