Octave Intelligence plc (NASDAQ:OCTV) Short Interest Update

Octave Intelligence plc (NASDAQ:OCTV) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 777,489 shares, a decline of 57.0% from the May 31st total of 1,810,146 shares. Based on an average daily trading volume, of 2,280,080 shares, the days-to-cover ratio is currently 0.3 days.

Octave Intelligence Stock Up 4.4%

Shares of NASDAQ:OCTV traded up $0.72 during midday trading on Wednesday, hitting $17.02. The stock had a trading volume of 522,504 shares, compared to its average volume of 1,819,558. Octave Intelligence has a 1 year low of $15.61 and a 1 year high of $30.00.

Analysts Set New Price Targets

Several brokerages recently weighed in on OCTV. BNP Paribas Exane began coverage on shares of Octave Intelligence in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $25.00 target price on the stock. Royal Bank Of Canada started coverage on Octave Intelligence in a research report on Tuesday, June 2nd. They set a “sector perform” rating and a $21.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Octave Intelligence in a research note on Monday, June 1st. They set a “neutral” rating and a $17.00 price target for the company. Evercore assumed coverage on Octave Intelligence in a research report on Friday, June 12th. They issued an “in-line” rating and a $20.00 price target on the stock. Finally, Barclays assumed coverage on Octave Intelligence in a research note on Thursday, June 18th. They set an “equal weight” rating and a $18.00 price objective for the company. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Octave Intelligence currently has an average rating of “Hold” and an average price target of $21.83.