Voestalpine AG (OTCMKTS:VLPNY) Short Interest Down 74.5% in March

Voestalpine AG (OTCMKTS:VLPNY) was the recipient 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1.1 days.

Voestalpine Price Performance

Shares of OTCMKTS:VLPNY opened at $5.06 on Friday. The stock’s 50-day moving average price is $4.49 and its 200-day moving average price is $4.19. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.19. Voestalpine has a 12-month low of $3.34 and a 12-month high of $5.86.

Voestalpine (OTCMKTS:VLPNY) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter. Voestalpine had a negative return on equity of 0.53% and a negative net margin of 0.41%. Sell-side analysts expect that Voestalpine will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

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

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.