Verbund Ag (OTCMKTS:OEZVY) Short Interest Down 68.8% in January

by · The Cerbat Gem

Verbund Ag (OTCMKTS:OEZVY – Get Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 226 shares, a decrease of 68.8% from the December 31st total of 725 shares. Based on an average daily volume of 2,346 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 2,346 shares, the short-interest ratio is presently 0.1 days.

Verbund Price Performance

OTCMKTS:OEZVY opened at $14.35 on Friday. Verbund has a 1-year low of $13.12 and a 1-year high of $17.11. The business’s 50-day moving average price is $14.90 and its two-hundred day moving average price is $14.98.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada started coverage on shares of Verbund in a research note on Monday, December 8th. They set a “strong sell” rating for the company. One analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong Sell”.

Check Out Our Latest Stock Analysis on Verbund

About Verbund

(Get Free Report)

Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.

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