Verbund Ag (OTCMKTS:OEZVY) Sees Significant Growth in Short Interest

Verbund Ag (OTCMKTS:OEZVY) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 764 shares, an increase of 129.4% from the November 30th total of 333 shares. Based on an average daily trading volume, of 371 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 371 shares, the days-to-cover ratio is currently 2.1 days.

Verbund Price Performance

Shares of OEZVY stock opened at $17.11 on Friday. Verbund has a 12 month low of $13.12 and a 12 month high of $17.26. The company’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $15.17.

Analyst Ratings Changes

OEZVY has been the subject of several recent research reports. Royal Bank Of Canada initiated coverage on shares of Verbund in a research report on Monday, December 8th. They issued a “strong sell” rating for the company. Kepler Capital Markets upgraded shares of Verbund from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. 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.com, the stock has an average rating of “Strong Sell”.

About Verbund

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.