Verbund Ag (OTCMKTS:OEZVY) Sees Large Growth in Short Interest
by Renee Jackson · The Cerbat GemVerbund Ag (OTCMKTS:OEZVY – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 1,050 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average trading volume of 432 shares, the short-interest ratio is currently 2.4 days.
Verbund Stock Performance
Shares of OTCMKTS:OEZVY remained flat at $14.10 during mid-day trading on Monday. The company had a trading volume of 140 shares, compared to its average volume of 828. Verbund has a 12 month low of $13.61 and a 12 month high of $17.13. The business has a 50-day moving average of $15.19 and a 200 day moving average of $15.00.
Verbund (OTCMKTS:OEZVY – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion.
Analyst Ratings Changes
OEZVY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Verbund in a research report on Thursday, April 23rd. Kepler Capital Markets downgraded Verbund from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Verbund in a research report on Monday. Four analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Verbund has a consensus rating of “Strong Sell”.
View Our Latest Stock Analysis on OEZVY
About Verbund
Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.
In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.