Voestalpine AG (OTCMKTS:VLPNY) Sees Significant Growth in Short Interest

Voestalpine AG (OTCMKTS:VLPNY – Get Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 400 shares, an increase of 300.0% from the April 30th total of 100 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is currently 0.8 days.

Voestalpine Trading Down 1.1 %

Shares of OTCMKTS:VLPNY opened at $6.52 on Friday. Voestalpine has a twelve month low of $3.22 and a twelve month high of $7.60. The company’s 50 day moving average is $6.68 and its 200 day moving average is $6.25.

Voestalpine Company Profile

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voestalpine AG engages in the production, processing, and distribution of steel products. It operates through the following divisions: Steel, High Performance Metals, Metal Engineering, Metal Forming and Other. The Steel division focuses on the production and processing of steel products for the segments automotive industry, white goods, electrical industry, processing industry, energy, and engineering industry.