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

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a growth of 3,000.0% from the December 15th total of 100 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Separately, BNP Paribas lowered Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd.

Voestalpine Stock Performance

Shares of VLPNY stock traded down $0.09 during trading hours on Tuesday, hitting $3.37. 358 shares of the company’s stock were exchanged, compared to its average volume of 2,464. The company has a current ratio of 1.39, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. Voestalpine has a 12-month low of $3.37 and a 12-month high of $6.05. The business’s 50 day simple moving average is $3.78 and its 200-day simple moving average is $4.41.

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.