Octave Intelligence plc (NASDAQ:OCTV) Short Interest Up ∞ in May

Octave Intelligence plc (NASDAQ:OCTV) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,810,146 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 767,225 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

OCTV has been the topic of several recent analyst reports. Evercore initiated coverage on Octave Intelligence in a report on Friday. They set an “in-line” rating and a $20.00 target price on the stock. Royal Bank Of Canada initiated coverage on Octave Intelligence in a report on Tuesday, June 2nd. They set a “sector perform” rating and a $21.00 target price on the stock. The Goldman Sachs Group initiated coverage on Octave Intelligence in a report on Monday, June 1st. They set a “neutral” rating and a $17.00 target price on the stock. Guggenheim initiated coverage on Octave Intelligence in a report on Thursday, May 28th. They set a “buy” rating and a $30.00 target price on the stock. Finally, BNP Paribas Exane began coverage on Octave Intelligence in a report on Tuesday, June 2nd. They set an “outperform” rating and a $25.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Octave Intelligence presently has an average rating of “Hold” and a consensus target price of $22.60.

Octave Intelligence Stock Down 4.0%

Shares of NASDAQ OCTV traded down $0.73 during trading on Friday, hitting $17.60. The company had a trading volume of 2,416,260 shares, compared to its average volume of 2,113,573. Octave Intelligence has a 52 week low of $16.65 and a 52 week high of $30.00.