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

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

Voestalpine Trading Down 4.6 %

VLPNY traded down $0.17 during mid-day trading on Monday, reaching $3.46. 9,228 shares of the company traded hands, compared to its average volume of 3,176. The company’s fifty day moving average price is $3.80 and its 200-day moving average price is $4.42. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.39 and a quick ratio of 0.52. Voestalpine has a 52-week low of $3.37 and a 52-week high of $6.05.

Analyst Ratings Changes

Separately, BNP Paribas lowered shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a research note 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.