Short Interest in Alstom ADR (OTCMKTS:ALSMY) Decreases By 44.5%

Key Points

• Short interest in Alstom ADR fell by 44.5% to 73,942 shares as of April 15, representing roughly 0.0% of shares short and a days-to-cover of 0.0 based on average volume.
• Analysts have an average rating of Hold; recent moves include Kepler Capital upgrading to Hold, Deutsche Bank downgrading to Hold, and Citigroup reaffirming a Buy.
• Shares opened at $1.91 and trade near a one-year low of $1.84, below the 50- and 200-day moving averages (about $2.77–$2.79).

Alstom ADR (OTCMKTS:ALSMY - Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 73,942 shares, a drop of 44.5% from the March 31st total of 133,201 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,938,883 shares, the days-to-cover ratio is presently 0.0 days.

Alstom Price Performance

Shares of OTCMKTS:ALSMY opened at $1.91 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. Alstom has a 1 year low of $1.84 and a 1 year high of $3.51. The business has a fifty day simple moving average of $2.77 and a 200 day simple moving average of $2.79.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Kepler Capital Markets upgraded Alstom from a "strong sell" rating to a "hold" rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered Alstom from a "buy" rating to a "hold" rating in a research report on Friday, April 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of Alstom in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Alstom Company Profile

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company's portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world's largest rail transport equipment suppliers.

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