Voestalpine AG (OTCMKTS:VLPNY) Short Interest Update

Key Points

• Voestalpine AG experienced a significant drop in short interest, falling by 79.0% from 8,100 shares to 1,700 shares as of July 31st, resulting in 0.0% of the company's shares being sold short.
• The company reported a net margin of 1.02% and earnings of $0.17 per share for the quarter while analysts expect earnings of $0.45 per share for the current year.
• Voestalpine has declared a dividend of $0.0724, equating to a yield of 130.0%, with a payout ratio of 35.00%.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,700 shares, adropof79.0% from the July 15th total of 8,100 shares. Currently,0.0% of the shares of the company are sold short. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 3.4 days. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 3.4 days. Currently,0.0% of the shares of the company are sold short.

Voestalpine Stock Performance

Shares of VLPNY opened at $6.16 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 30.80 and a beta of 1.31. Voestalpine has a one year low of $3.34 and a one year high of $6.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 0.55. The company's fifty day moving average price is $5.50 and its 200 day moving average price is $4.98.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.17 EPS for the quarter. The firm had revenue of $4.70 billion for the quarter. Voestalpine had a net margin of 1.02% and a return on equity of 2.18%. As a group, analysts expect that Voestalpine will post 0.45 earnings per share for the current year.

Voestalpine Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a "neutral" rating on shares of Voestalpine in a report on Wednesday, June 11th.

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.

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