Voestalpine AG (OTCMKTS:VLPNY) Sees Large Decrease in Short Interest

Key Points

• Voestalpine AG experienced a significant 72.4% decrease in short interest from 5,800 shares to 1,600 shares between August 15 and August 31, indicating decreased bearish sentiment towards the stock.
• The company recently reported $0.17 earnings per share (EPS) for the quarter with revenues of $4.70 billion, and analysts forecast an EPS of 0.45 for the current fiscal year.
• Following a dividend declaration, Voestalpine's payout ratio stands at 35.00%, with a yield of 130.0%, reflecting a commitment to shareholder returns despite recent challenges.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,600 shares, a drop of 72.4% from the August 15th total of 5,800 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 8.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 8.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a "neutral" rating on shares of Voestalpine in a report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Voestalpine currently has an average rating of "Hold".

Voestalpine Stock Up 0.8%

Shares of OTCMKTS:VLPNY opened at $6.36 on Friday. The company has a market capitalization of $5.45 billion, a P/E ratio of 31.80 and a beta of 1.31. The stock's fifty day simple moving average is $5.94 and its 200-day simple moving average is $5.29. Voestalpine has a 52-week low of $3.34 and a 52-week high of $6.57. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 0.19.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $4.70 billion for the quarter. Voestalpine had a net margin of 1.02% and a return on equity of 2.15%. As a group, equities research analysts forecast that Voestalpine will post 0.45 earnings per share for the current fiscal year.

Voestalpine Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, July 14th were paid a $0.0724 dividend. This represents a yield of 130.0%. The ex-dividend date of this dividend was Friday, July 11th. Voestalpine's dividend payout ratio (DPR) is presently 35.00%.

Voestalpine Company Profile

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.

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