VAT Group AG - Unsponsored ADR (OTCMKTS:VACNY) Sees Significant Increase in Short Interest

Key Points

• VAT Group AG experienced a dramatic increase in short interest in August, jumping to 2,500 shares, reflecting a growth of 2,400.0% from just 100 shares on August 15th.
• The company’s stock price rose to $36.80 during recent trading, with a 52-week range between $29.86 and $51.43.
• Analyst ratings for VAT Group are mixed, with one upgrade to a "buy" from Goldman Sachs, while Zacks Research has rated it a "strong sell".

VAT Group AG - Unsponsored ADR (OTCMKTS:VACNY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,500 shares, a growth of 2,400.0% from the August 15th total of 100 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 157,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 157,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are short sold.

VAT Group Price Performance

Shares of VACNY traded up $0.86 during trading hours on Thursday, reaching $36.80. The stock had a trading volume of 5,964 shares, compared to its average volume of 44,673. VAT Group has a 52 week low of $29.86 and a 52 week high of $51.43. The firm has a 50-day moving average of $36.79 and a 200 day moving average of $37.39.

Analyst Ratings Changes

Several brokerages have weighed in on VACNY. The Goldman Sachs Group raised VAT Group from a "hold" rating to a "buy" rating in a report on Monday, September 1st. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of VAT Group in a research report on Wednesday, May 21st. Finally, Zacks Research upgraded VAT Group to a "strong sell" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

About VAT Group

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves, multi-valve units, vacuum modules, and edge-welded metal bellows in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. It operates through two segments, Valves and Global Service.

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