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

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 500 shares, a growth of 400.0% from the October 15th total of 100 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 1.0 days.

Voestalpine Price Performance

OTCMKTS VLPNY opened at $4.10 on Wednesday. Voestalpine has a 1-year low of $3.95 and a 1-year high of $6.20. The company has a quick ratio of 0.52, a current ratio of 1.37 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $4.40 and its 200-day simple moving average is $4.97.

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.