Short Interest in Octave Intelligence plc (NASDAQ:OCTV) Expands By ∞

Octave Intelligence plc (NASDAQ:OCTV) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,810,146 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 767,225 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

OCTV has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Octave Intelligence in a research report on Monday, June 1st. They set a “neutral” rating and a $17.00 price objective on the stock. BNP Paribas Exane began coverage on Octave Intelligence in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $25.00 target price for the company. Royal Bank Of Canada assumed coverage on Octave Intelligence in a research note on Tuesday, June 2nd. They set a “sector perform” rating and a $21.00 target price for the company. Evercore assumed coverage on Octave Intelligence in a research note on Friday. They issued an “in-line” rating and a $20.00 price objective for the company. Finally, Guggenheim assumed coverage on Octave Intelligence in a research note on Thursday, May 28th. They issued a “buy” rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.60.

Octave Intelligence Stock Up 2.3%

Shares of NASDAQ OCTV opened at $18.00 on Tuesday. Octave Intelligence has a twelve month low of $16.65 and a twelve month high of $30.00.