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

Key Points

• Alstom ADR experienced a significant increase in short interest during August, rising by 20.0% to reach a total of 89,500 shares as of August 31st.
• The company's stock is currently trading flat at $2.46 with a short-interest ratio of 0.1 days, indicating low short-selling activity.
• Analysts have a mixed view on Alstom's stock, with an average rating of "Moderate Buy", including one Strong Buy, one Buy, one Hold, and one Sell rating.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 89,500 shares, a growth of 20.0% from the August 15th total of 74,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 665,200 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 665,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Alstom Trading Down 2.0%

Shares of Alstom stock traded down $0.05 during trading on Friday, hitting $2.42. 454,476 shares of the company were exchanged, compared to its average volume of 687,819. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 0.31. Alstom has a fifty-two week low of $1.80 and a fifty-two week high of $2.76. The firm has a 50 day moving average price of $2.38 and a 200 day moving average price of $2.29.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alstom in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

About Alstom

Alstom SA provides solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter trains, regional trains, high-speed trains, and locomotives; asset optimization, cybersecurity, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.