OVH Groupe S.A. (OTCMKTS:OVHFF) Sees Significant Drop in Short Interest

OVH Groupe S.A. (OTCMKTS:OVHFF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 507 shares, a decline of 83.8% from the September 30th total of 3,132 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

OVH Groupe Stock Performance

OTCMKTS:OVHFF opened at $14.38 on Thursday. The stock’s fifty day moving average is $17.87 and its 200 day moving average is $14.62. OVH Groupe has a fifty-two week low of $8.34 and a fifty-two week high of $20.35.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane upgraded shares of OVH Groupe to an “outperform” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

OVH Groupe Company Profile

OVH Groupe, operating under the OVHcloud brand, is a French cloud computing and digital infrastructure company founded in 1999 by Octave Klaba. The company is headquartered in Roubaix, France, and develops and operates its own data centers, servers, and network infrastructure.

OVHcloud provides public, private, and hybrid cloud services, along with bare-metal dedicated servers, virtual private servers, web hosting, domain registration, storage, networking, and data backup solutions. Its products are designed for businesses, public-sector organizations, developers, and individual users across a range of computing and hosting needs.

The company serves customers internationally through operations in Europe, North America, and other global markets.