Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Rises By 3,133.3%

Voestalpine AG (OTCMKTS:VLPNYGet Rating) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 19,400 shares, an increase of 3,133.3% from the August 15th total of 600 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Several analysts recently commented on VLPNY shares. JPMorgan Chase & Co. cut shares of Voestalpine from an “overweight” rating to an “underweight” rating in a report on Wednesday, June 22nd. Morgan Stanley lifted their target price on shares of Voestalpine from €34.00 ($34.69) to €35.00 ($35.71) and gave the company an “equal weight” rating in a research note on Thursday, July 7th. UBS Group reduced their target price on shares of Voestalpine from €28.70 ($29.29) to €21.00 ($21.43) and set a “neutral” rating for the company in a research note on Tuesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Voestalpine from €35.00 ($35.71) to €29.00 ($29.59) and set a “hold” rating for the company in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.63.

Voestalpine Price Performance

Shares of Voestalpine stock opened at $4.07 on Wednesday. The firm has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $5.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.58 and a current ratio of 1.52. Voestalpine has a 1-year low of $3.78 and a 1-year high of $8.59.

Voestalpine (OTCMKTS:VLPNYGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter. Voestalpine had a net margin of 10.18% and a return on equity of 18.98%. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.76 billion. As a group, research analysts expect that Voestalpine will post 1.31 EPS for the current fiscal year.

Voestalpine Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, August 2nd. Stockholders of record on Friday, July 15th were paid a $0.1611 dividend. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, July 14th.

Voestalpine Company Profile

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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.

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