OVH Groupe S.A. (OTCMKTS:OVHFF) Shares Shorted: Short Interest Down 83.8% in October

OVH Groupe S.A. (OTCMKTS:OVHFF) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 507 shares, a decline of 83.8% from the September 30th total of 3,132 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ? days.

Analysts Set New Price Targets

Separately, BNP Paribas Exane upgraded OVH Groupe to an “outperform” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, OVH Groupe presently has an average rating of “Buy”.

OVH Groupe Stock Performance

Shares of OVHFF remained flat at $14.38 during midday trading on Wednesday. 1 shares of the stock traded hands, compared to its average volume of 2,422. OVH Groupe has a 1-year low of $8.34 and a 1-year high of $20.35. The company’s 50-day moving average is $17.93 and its 200 day moving average is $14.59.

OVH Groupe Company Profile

OVH Groupe, operating under the OVHcloud brand, is a French cloud computing and digital infrastructure company founded in 1999 by Octave Klaba. The company is headquartered in Roubaix, France, and develops and operates its own data centers, servers, and network infrastructure.

OVHcloud provides public, private, and hybrid cloud services, along with bare-metal dedicated servers, virtual private servers, web hosting, domain registration, storage, networking, and data backup solutions. Its products are designed for businesses, public-sector organizations, developers, and individual users across a range of computing and hosting needs.

The company serves customers internationally through operations in Europe, North America, and other global markets.