Short Interest in Alstom SA (OTCMKTS:ALSMY) Declines By 88.0%

Alstom SA (OTCMKTS:ALSMY) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 29,000 shares, a decrease of 88.0% from the September 15th total of 240,900 shares. Based on an average daily volume of 783,800 shares, the short-interest ratio is presently 0.0 days.

Shares of OTCMKTS:ALSMY traded up $0.08 during mid-day trading on Thursday, reaching $3.54. The stock had a trading volume of 275,055 shares, compared to its average volume of 276,995. The firm has a market cap of $13.22 billion, a PE ratio of 32.18 and a beta of 0.86. The firm has a 50 day simple moving average of $3.90 and a two-hundred day simple moving average of $4.67. The company has a current ratio of 0.74, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Alstom has a twelve month low of $3.45 and a twelve month high of $6.70.

The company also recently declared a dividend, which was paid on Wednesday, September 15th. Investors of record on Friday, July 30th were given a $0.0297 dividend. The ex-dividend date was Thursday, July 29th. This represents a dividend yield of 0.69%. Alstom’s dividend payout ratio is 18.18%.

A number of research firms have issued reports on ALSMY. Citigroup restated a “buy” rating on shares of Alstom in a research report on Wednesday, July 21st. The Goldman Sachs Group downgraded shares of Alstom from a “buy” rating to a “neutral” rating in a research report on Monday, July 12th. Societe Generale restated a “buy” rating on shares of Alstom in a research report on Thursday, July 8th. upgraded shares of Alstom from a “neutral” rating to a “buy” rating in a research report on Friday, June 18th. Finally, Zacks Investment Research upgraded shares of Alstom from a “sell” rating to a “hold” rating in a research report on Monday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Alstom presently has a consensus rating of “Buy”.

About Alstom

Alstom SA engages in the provision of transport services. It operates through the following segments: urban and main line transportation, signalling, services and integrated solutions. It offers a complete range of solutions from trains to metros, tramways, and e-buses; passenger solutions; customized services like maintenance and modernization; infrastructure; signalling; and digital mobility solutions.

Featured Story: What is an Initial Public Offering (IPO)?

Receive News & Ratings for Alstom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alstom and related companies with MarketBeat.com's FREE daily email newsletter.