Alstom SA (OTCMKTS:ALSMY) Sees Large Growth in Short Interest

Alstom SA (OTCMKTS:ALSMY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 117,500 shares, a growth of 1,707.7% from the February 28th total of 6,500 shares. Based on an average daily trading volume, of 2,534,700 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Alstom Price Performance

OTCMKTS:ALSMY traded down $0.09 during mid-day trading on Wednesday, reaching $2.25. 1,266,671 shares of the company’s stock were exchanged, compared to its average volume of 662,670. Alstom has a one year low of $1.41 and a one year high of $2.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.96 and a quick ratio of 0.74. The business’s fifty day simple moving average is $2.19 and its two-hundred day simple moving average is $2.15.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Alstom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 7th. Citigroup cut Alstom from a “strong-buy” rating to a “neutral” rating in a report on Monday, March 10th.

About Alstom

Alstom SA provides solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter trains, regional trains, high-speed trains, and locomotives; asset optimization, cybersecurity, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.