Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Drops By 74.5%

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 74.5% from the February 28th total of 5,500 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is currently 1.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Voestalpine Trading Down 2.6 %

Shares of VLPNY traded down $0.14 during midday trading on Friday, reaching $5.14. The stock had a trading volume of 1,109 shares, compared to its average volume of 1,466. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $4.46 and its 200-day moving average price is $4.18. Voestalpine has a 52 week low of $3.34 and a 52 week high of $5.86.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter. Voestalpine had a negative net margin of 0.41% and a negative return on equity of 0.53%. On average, equities analysts anticipate that Voestalpine will post 0.45 EPS for the current year.

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.