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

Key Points

• Voestalpine AG experienced a remarkable 241.2% increase in short interest during August, rising from 1,700 to 5,800 shares.
• The company's stock opened at $6.49, with a market cap of $5.56 billion, and it recently reported $4.70 billion in revenue for its latest quarter.
• Voestalpine has announced a dividend yield of 130.0% despite a relatively low return on equity of 2.15% and a net margin of 1.02%.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 5,800 shares, agrowthof241.2% from the July 31st total of 1,700 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is presently 3.2 days. Based on an average daily volume of 1,800 shares, the short-interest ratio is presently 3.2 days.

Wall Street Analyst Weigh In

VLPNY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Voestalpine in a report on Wednesday, August 27th. Citigroup reiterated a "neutral" rating on shares of Voestalpine in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

Voestalpine Price Performance

OTCMKTS:VLPNY remained flat at $6.57 during mid-day trading on Monday. The firm has a 50 day moving average price of $5.87 and a 200-day moving average price of $5.25. The company has a market cap of $5.63 billion, a P/E ratio of 32.85 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.53. Voestalpine has a 12 month low of $3.34 and a 12 month high of $6.57.

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

Voestalpine Cuts Dividend

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

About Voestalpine

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.