Short Interest in Verbund Ag (OTCMKTS:OEZVY) Increases By 192.9%

Verbund Ag (OTCMKTS:OEZVY) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 662 shares, a growth of 192.9% from the January 15th total of 226 shares. Based on an average trading volume of 1,163 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 1,163 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada assumed coverage on Verbund in a research note on Monday, December 8th. They issued a “strong sell” rating for the company. One analyst has rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Verbund has an average rating of “Strong Sell”.

Verbund Price Performance

Shares of OEZVY opened at $14.53 on Thursday. Verbund has a 1 year low of $13.12 and a 1 year high of $17.11. The company has a 50 day simple moving average of $14.83 and a two-hundred day simple moving average of $14.92.

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.