Verbund Ag (OTCMKTS:OEZVY) Short Interest Update

Verbund Ag (OTCMKTS:OEZVY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 800 shares, a drop of 77.1% from the December 15th total of 3,500 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 0.4 days.

Several brokerages have commented on OEZVY. Kepler Capital Markets lowered shares of Verbund from a “buy” rating to a “hold” rating in a report on Tuesday, January 4th. Citigroup began coverage on shares of Verbund in a report on Tuesday, November 9th. They issued a “sell” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Verbund in a report on Tuesday, December 14th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus lowered shares of Verbund from a “hold” rating to a “sell” rating in a report on Thursday, September 16th. Five investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Shares of OEZVY stock remained flat at $$21.95 during trading hours on Friday. The company’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $20.67. Verbund has a 12 month low of $13.83 and a 12 month high of $24.49.

Verbund (OTCMKTS:OEZVY) last released its earnings results on Thursday, November 4th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $930.42 million for the quarter.

About Verbund

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, energy utilities and industrial companies, and households and commercial customers in Austria and internationally. The company operates through Hydro, New Renewables, Sales, Grid, and All Other segments.

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