Short Interest in Octave Intelligence plc (NASDAQ:OCTV) Increases By 164.1%

Octave Intelligence plc (NASDAQ:OCTV) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 2,550,360 shares, a growth of 164.1% from the July 30th total of 965,685 shares. Based on an average daily volume of 2,471,672 shares, the days-to-cover ratio is currently 1.0 days.

Octave Intelligence Price Performance

NASDAQ:OCTV traded up $0.39 on Friday, hitting $19.85. The stock had a trading volume of 2,990,544 shares, compared to its average volume of 1,664,189. The stock has a fifty day moving average price of $17.67. Octave Intelligence has a 1-year low of $15.41 and a 1-year high of $30.00.

Institutional Trading of Octave Intelligence

An institutional investor recently bought a new position in Octave Intelligence stock. Ancora Advisors LLC acquired a new position in Octave Intelligence plc (NASDAQ:OCTV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 54,080 shares of the company’s stock, valued at approximately $882,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OCTV. Barclays assumed coverage on Octave Intelligence in a research report on Thursday, June 18th. They issued an “equal weight” rating and a $18.00 price target for the company. Guggenheim began coverage on Octave Intelligence in a research report on Thursday, May 28th. They set a “buy” rating and a $30.00 price objective on the stock. Evercore started coverage on Octave Intelligence in a research note on Friday, June 12th. They set an “in-line” rating and a $20.00 price objective on the stock. BNP Paribas Exane initiated coverage on Octave Intelligence in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Royal Bank Of Canada started coverage on Octave Intelligence in a research note on Tuesday, June 2nd. They issued a “sector perform” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Octave Intelligence has a consensus rating of “Hold” and a consensus target price of $21.83.