Alstom ADR (OTCMKTS:ALSMY) Sees Significant Decrease in Short Interest
by Doug Wharley · The Cerbat GemAlstom ADR (OTCMKTS:ALSMY – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 133,201 shares, a drop of 53.7% from the March 15th total of 287,733 shares. Based on an average daily trading volume, of 1,140,790 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Alstom Stock Performance
Alstom stock opened at $2.66 on Monday. The firm has a fifty day moving average of $3.00 and a 200-day moving average of $2.82. Alstom has a 52-week low of $2.03 and a 52-week high of $3.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.74.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on ALSMY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alstom in a research report on Tuesday, January 6th. Kepler Capital Markets raised shares of Alstom from a “strong sell” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on ALSMY
Alstom Company Profile
Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.
Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.