Voestalpine AG (OTCMKTS:VLPNY) Short Interest Update

Key Points

• Short interest fell 88.3% to 335 shares as of September 15, down from 2,869 shares at the end of August. Short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.4.
• Analyst sentiment remains generally positive, with three Buy ratings and three Hold ratings, producing a “Moderate Buy” consensus. Recent actions included a Deutsche Bank Buy reiteration and downgrades from Zacks Research and UBS Group.
• Voestalpine reported quarterly EPS of $0.26, narrowly missing estimates of $0.27, while revenue of $4.64 billion exceeded the $4.38 billion consensus forecast. Shares opened at $10.28, compared with a 52-week range of $6.60 to $11.78.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 335 shares, a drop of 88.3% from the August 31st total of 2,869 shares. Based on an average daily trading volume, of 813 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VLPNY. Citigroup reaffirmed a "neutral" rating on shares of Voestalpine in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Voestalpine in a report on Friday, September 4th. Zacks Research downgraded Voestalpine from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 1st. Finally, UBS Group lowered Voestalpine from a "buy" rating to a "neutral" rating in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Voestalpine Stock Performance

Shares of VLPNY opened at $10.28 on Friday. The firm has a fifty day moving average of $10.29 and a 200-day moving average of $10.04. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 14.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. Voestalpine has a 1 year low of $6.60 and a 1 year high of $11.78.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. As a group, equities analysts anticipate that Voestalpine will post 0.83 earnings per share for the current year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.

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