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

Voestalpine AG (OTCMKTS:VLPNY) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,100 shares, an increase of 3,000.0% from the December 31st total of 100 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 2.2 days.

Voestalpine Stock Up 0.8 %

Shares of VLPNY stock opened at $3.70 on Wednesday. Voestalpine has a twelve month low of $3.34 and a twelve month high of $5.86. The stock has a fifty day simple moving average of $3.70 and a two-hundred day simple moving average of $4.27. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

Separately, BNP Paribas downgraded Voestalpine from a “strong-buy” rating to a “hold” rating in a research report 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.