Short Interest in Orlen S.A. (OTCMKTS:PSKOF) Decreases By 60.9%

Orlen S.A. (OTCMKTS:PSKOF) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 57,441 shares, a decline of 60.9% from the February 26th total of 146,783 shares. Based on an average daily volume of 160 shares, the short-interest ratio is currently 359.0 days.

Orlen Stock Performance

Orlen stock opened at C$36.10 on Friday. The business has a 50 day simple moving average of C$31.20 and a 200-day simple moving average of C$27.66. Orlen has a 12 month low of C$16.20 and a 12 month high of C$36.10.

Wall Street Analyst Weigh In

Separately, Oddo Bhf lowered Orlen to an “underperform” rating and set a $94.00 price target on the stock. in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Orlen presently has a consensus rating of “Sell”.

Orlen Company Profile

Orlen (OTCMKTS:PSKOF), formally known as PKN Orlen, is a leading integrated oil and gas company headquartered in Płock, Poland. The company’s core operations span refining, petrochemical production and the distribution of fuels and energy products. Through its extensive refining network, Orlen processes crude oil into a range of refined products including gasoline, diesel, aviation fuel and lubricants, supplying both domestic and international markets.

In addition to refining, Orlen maintains a robust retail segment operating thousands of service stations under its Orlen and Star brands across Poland, the Czech Republic, Lithuania and Germany.