Short Interest in Verbund Ag (OTCMKTS:OEZVY) Increases By 192.9%

Verbund Ag (OTCMKTS:OEZVY) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 662 shares, a growth of 192.9% from the January 15th total of 226 shares. Based on an average daily volume of 1,163 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 1,163 shares, the days-to-cover ratio is presently 0.6 days.

Verbund Price Performance

Verbund stock opened at $14.53 on Thursday. Verbund has a 1-year low of $13.12 and a 1-year high of $17.11. The company’s 50-day moving average is $14.83 and its 200 day moving average is $14.92.

Analysts Set New Price Targets

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

Verbund Company Profile

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.