VAT Group AG (OTCMKTS:VACNY) Sees Large Decline in Short Interest

VAT Group AG (OTCMKTS:VACNY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,200 shares, a decline of 74.9% from the February 28th total of 16,700 shares. Based on an average daily volume of 35,000 shares, the short-interest ratio is presently 0.1 days.

VAT Group Price Performance

Shares of VACNY stock opened at $38.17 on Thursday. The stock’s 50 day simple moving average is $38.62 and its 200 day simple moving average is $40.99. VAT Group has a twelve month low of $35.28 and a twelve month high of $59.72.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “sector perform” rating on shares of VAT Group in a research report on Thursday, March 6th.

About VAT Group

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves, multi-valve units, vacuum modules, and edge-welded metal bellows in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. It operates through two segments, Valves and Global Service.