VAT Group AG (OTCMKTS:VACNY) Sees Large Decrease in Short Interest

VAT Group AG (OTCMKTS:VACNY) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 4,200 shares, a decline of 74.9% from the February 28th total of 16,700 shares. Based on an average daily volume of 35,000 shares, the short-interest ratio is presently 0.1 days.

VAT Group Price Performance

Shares of VAT Group stock traded down $0.75 on Friday, hitting $37.42. The company’s stock had a trading volume of 21,478 shares, compared to its average volume of 62,343. VAT Group has a 1 year low of $35.28 and a 1 year high of $59.72. The firm has a fifty day moving average price of $38.62 and a 200-day moving average price of $40.96.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of VAT Group in a report on Thursday, March 6th.

VAT Group Company Profile

VAT Group AG, together with its subsidiaries, develops, manufactures, and supplies vacuum valves, multi-valve units, vacuum modules, and edge-welded metal bellows in Switzerland, rest of Europe, the United States, Japan, Korea, Singapore, China, rest of Asia, and internationally. It operates through two segments, Valves and Global Service.