Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Increases By 3,000.0%

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) saw a significant increase in short interest in 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 daily volume of 1,400 shares, the days-to-cover ratio is currently 2.2 days.

Voestalpine Price Performance

VLPNY stock remained flat at $4.03 during trading on Friday. The company had a trading volume of 34 shares, compared to its average volume of 692. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.19. The business's fifty day simple moving average is $3.72 and its 200 day simple moving average is $4.25. Voestalpine has a fifty-two week low of $3.34 and a fifty-two week high of $5.86.

Analysts Set New Price Targets

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

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.