Alstom SA (OTCMKTS:ALSMY) Sees Large Decrease in Short Interest

Alstom SA (OTCMKTS:ALSMYGet Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 159,500 shares, a drop of 64.5% from the April 30th total of 449,700 shares. Based on an average daily volume of 1,569,300 shares, the days-to-cover ratio is currently 0.1 days.

ALSMY opened at $2.59 on Thursday. The firm has a 50 day moving average price of $2.31 and a 200 day moving average price of $2.91. Alstom has a 1 year low of $1.86 and a 1 year high of $5.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.81 and a quick ratio of 0.61.

A number of analysts recently issued reports on the company. Morgan Stanley cut their price objective on Alstom from €50.00 ($53.19) to €46.00 ($48.94) in a research report on Friday, April 8th. Zacks Investment Research upgraded Alstom from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Alstom from €37.50 ($39.89) to €38.00 ($40.43) and gave the stock an “overweight” rating in a research note on Monday, May 16th. Finally, UBS Group decreased their target price on Alstom from €47.00 ($50.00) to €44.00 ($46.81) in a research note on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Alstom currently has a consensus rating of “Buy” and a consensus target price of $34.35.

About Alstom (Get Rating)

Alstom SA offers solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, and Africa. The company offers rolling stock solutions for electric buses, tramways, tram-trains and LRVs, metros, suburban trains, regional and intercity trains, high-speed trains, and locomotives; and asset optimization, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.

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