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

Voestalpine AG (OTCMKTS:VLPNY – Get Rating) was the recipient 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 Ratings Changes

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

Voestalpine Stock Performance

Voestalpine stock traded up $0.02 during mid-day trading on Tuesday, hitting $4.22. 2,025 shares of the company were exchanged, compared to its average volume of 5,755. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.58 and a current ratio of 1.52. The business has a fifty day moving average of $4.21 and a 200 day moving average of $5.05. Voestalpine has a 1-year low of $3.78 and a 1-year high of $8.59.

Voestalpine (OTCMKTS:VLPNY – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter. Voestalpine had a return on equity of 18.98% and a net margin of 10.18%. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.76 billion. Equities analysts predict that Voestalpine will post 1.31 EPS for the current fiscal year.

Voestalpine Announces Dividend

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

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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