Short Interest in Alstom ADR (OTCMKTS:ALSMY) Declines By 53.9%

Alstom ADR (OTCMKTS:ALSMY) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 287,733 shares, a decline of 53.9% from the February 26th total of 623,531 shares. Based on an average daily volume of 1,477,806 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays reiterated an “underweight” rating on shares of Alstom in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alstom in a report on Tuesday, January 6th. Kepler Capital Markets cut shares of Alstom from a “buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Citigroup raised shares of Alstom from a “neutral” rating to a “buy” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Alstom Stock Down 3.3%

OTCMKTS:ALSMY opened at $2.67 on Friday. Alstom has a 52 week low of $1.80 and a 52 week high of $3.51. The stock’s fifty day moving average is $3.08 and its two-hundred day moving average is $2.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 0.97.

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.