Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Grows By 221.4%

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,500 shares, a growth of 221.4% from the March 15th total of 1,400 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.0% of the company's stock are sold short.

Voestalpine Price Performance

VLPNY remained flat at $4.29 on Friday. The company had a trading volume of 51 shares, compared to its average volume of 1,264. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.39. The stock's fifty day simple moving average is $4.63 and its two-hundred day simple moving average is $4.16. Voestalpine has a 12-month low of $3.34 and a 12-month high of $5.86.

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

Analysts Set New Price Targets

Separately, BNP Paribas cut 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.