Short Interest in Voestalpine AG (OTCMKTS:VLPNY) Drops By 33.3%

Voestalpine AG (OTCMKTS:VLPNYGet Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 200 shares, a drop of 33.3% from the August 15th total of 300 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 2.0 days.

Voestalpine Stock Performance

Shares of OTCMKTS VLPNY remained flat at $4.46 during midday trading on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.37. The stock’s 50-day moving average price is $4.92 and its two-hundred day moving average price is $5.28. Voestalpine has a 12 month low of $4.33 and a 12 month high of $6.20.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 EPS for the quarter. The business had revenue of $4.46 billion for the quarter. Voestalpine had a return on equity of 1.13% and a net margin of 0.35%. As a group, research analysts anticipate that Voestalpine will post 0.72 earnings per share for the current year.

Voestalpine Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were paid a $0.0955 dividend. The ex-dividend date was Friday, July 12th.

Voestalpine Company Profile

(Get Free Report)

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.

Further Reading

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