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

Voestalpine AG (OTCMKTS:VLPNY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 74.5% from the February 28th total of 5,500 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

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

Voestalpine Stock Performance

Shares of VLPNY opened at $5.28 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.39. Voestalpine has a 12 month low of $3.34 and a 12 month high of $5.86. The company’s fifty day moving average is $4.42 and its 200-day moving average is $4.18.

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