Voestalpine AG (OTCMKTS:VLPNY) Sees Significant Increase in Short Interest

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

Voestalpine Stock Performance

Shares of VLPNY stock remained flat at $3.68 during mid-day trading on Tuesday. 177 shares of the company’s stock traded hands, compared to its average volume of 634. The stock’s 50-day moving average price is $3.70 and its two-hundred day moving average price is $4.28. 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 1-year low of $3.34 and a 1-year high of $6.05.

Analysts Set New Price Targets

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