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

Key Points

• Short interest in Alstom ADR surged by 148.2% in July, rising to 167,300 shares from 67,400 shares.
• Analysts have reacted positively, with Deutsche Bank maintaining a "buy" rating and DZ Bank upgrading shares from "hold" to "strong-buy."
• As of the latest report, Alstom's stock is up 2.0%, trading at $2.51 with a 12-month price range between $1.70 and $2.76.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 167,300 shares, anincreaseof148.2% from the July 15th total of 67,400 shares. Based on an average daily trading volume, of 950,400 shares, the days-to-cover ratio is currently 0.2 days. Currently,0.0% of the company's stock are short sold. Currently,0.0% of the company's stock are short sold. Based on an average daily trading volume, of 950,400 shares, the days-to-cover ratio is currently 0.2 days.

Alstom Stock Down 0.4%

ALSMY stock traded down $0.01 on Thursday, hitting $2.43. The company had a trading volume of 233,782 shares, compared to its average volume of 522,411. Alstom has a 12-month low of $1.70 and a 12-month high of $2.7625. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 0.31. The stock's 50-day simple moving average is $2.31 and its 200 day simple moving average is $2.25.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ALSMY shares. DZ Bank upgraded shares of Alstom from a "hold" rating to a "strong-buy" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Alstom in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently 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.