Octave Intelligence plc (NASDAQ:OCTV) Shares Shorted: Short Interest Up 93.5% in September

Octave Intelligence plc (NASDAQ:OCTV) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 5,301,084 shares, an increase of 93.5% from the September 15th total of 2,739,613 shares. Based on an average daily volume of 3,636,593 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Octave Intelligence

A number of institutional investors have recently modified their holdings of OCTV. Squarepoint Ops LLC acquired a new stake in shares of Octave Intelligence in the second quarter valued at approximately $190,000. State of Alaska Department of Revenue purchased a new position in shares of Octave Intelligence during the third quarter worth approximately $240,000. Ancora Advisors LLC acquired a new position in shares of Octave Intelligence in the 2nd quarter valued at $882,000. Finally, O Keefe Stevens Advisory Inc. acquired a new position in shares of Octave Intelligence in the 3rd quarter valued at $13,173,000.

Analysts Set New Price Targets

A number of research firms have recently commented on OCTV. Morgan Stanley initiated coverage on Octave Intelligence in a report on Thursday, September 17th. They issued an “equal weight” rating and a $21.00 price target for the company. Weiss Ratings initiated coverage on Octave Intelligence in a research note on Monday, August 17th. They issued a “sell (d)” rating on the stock. Barclays initiated coverage on Octave Intelligence in a research note on Thursday, June 18th. They issued an “equal weight” rating and a $18.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Octave Intelligence to a “hold” rating in a report on Saturday, July 18th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.71.

Octave Intelligence Stock Down 3.1%

NASDAQ:OCTV traded down $0.64 during trading hours on Friday, reaching $20.04. The company’s stock had a trading volume of 1,383,013 shares, compared to its average volume of 1,953,266. Octave Intelligence has a 12 month low of $15.41 and a 12 month high of $30.00. The firm has a 50 day simple moving average of $19.10.

Octave Intelligence Company Profile

Octave Intelligence plc provides various software solutions. Its solutions helps organizations to better understand and manage the environments in which they design, build, operate, and protect their assets, people, and critical infrastructure. Its platform connects data, events, and workflows across various environments and applies context-aware intelligence to help customers understand what is happening, what may happen next, and how actions in one area affect conditions in another. The company serves power generation and utilities, data centers and IT infrastructure operators, heavy construction and public works, industrial process industries, public safety and emergency response agencies, transportation networks and logistics operations, light process industries, and discrete manufacturing industries.