Voestalpine AG (OTCMKTS:VLPNY – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,003 shares, a growth of 51.8% from the July 30th total of 1,978 shares. Based on an average trading volume of 3,154 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
VLPNY has been the topic of a number of analyst reports. Zacks Research raised Voestalpine from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Finally, UBS Group cut Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
View Our Latest Report on VLPNY
Voestalpine Trading Down 2.9%
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.38 billion. On average, equities research analysts forecast that Voestalpine will post 0.83 earnings per share for the current year.
Voestalpine Company Profile
Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.
Voestalpine’s portfolio is organized into several business divisions.
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