Short Interest in Verbund Ag (OTCMKTS:OEZVY) Rises By 368.5%

Verbund Ag (OTCMKTS:OEZVY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 759 shares, an increase of 368.5% from the May 31st total of 162 shares. Based on an average daily trading volume, of 2,829 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Verbund in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Strong Sell”.

Verbund Stock Performance

Shares of OEZVY opened at $11.88 on Monday. The company’s 50 day simple moving average is $13.99 and its 200-day simple moving average is $14.63. Verbund has a 12-month low of $11.88 and a 12-month high of $17.13.

Verbund (OTCMKTS:OEZVY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion.

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.