Voestalpine AG (OTCMKTS:VLPNY) Short Interest Update

Key Points

• Short interest rose 51.8% to 3,003 shares as of August 14, up from 1,978 shares on July 30. The stock’s days-to-cover ratio was 1.0, while short interest represented 0.0% of shares outstanding.
• Voestalpine opened at $10.49, with a market capitalization of $8.99 billion and a price-to-earnings ratio of 14.98. In its latest quarter, the company reported $0.26 in EPS, slightly below estimates, but revenue of $4.64 billion exceeded expectations.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy”; ratings include one Strong Buy, three Buys, and two Holds.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,003 shares, a growth of 51.8% from the July 30th total of 1,978 shares. Based on an average daily volume of 3,154 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company's stock are sold short.

Voestalpine Price Performance

VLPNY stock opened at $10.49 on Tuesday. The firm has a market cap of $8.99 billion, a PE ratio of 14.98 and a beta of 1.44. Voestalpine has a 1 year low of $6.31 and a 1 year high of $11.78. The company has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $10.12. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Sell-side analysts anticipate that Voestalpine will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VLPNY shares. Zacks Research raised Voestalpine from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a report on Thursday, June 4th. UBS Group cut Voestalpine from a "buy" rating to a "neutral" rating in a research note on Monday, June 8th. Finally, Citigroup restated a "neutral" rating on shares of Voestalpine in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Voestalpine Company Profile

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.

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