Euronext NV (OTCMKTS:ERNXY) Sees Large Drop in Short Interest

Euronext NV (OTCMKTS:ERNXY) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,172 shares, a decline of 47.8% from the September 30th total of 2,247 shares. Based on an average daily volume of 11,003 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Euronext from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Euronext Trading Down 0.7%

OTCMKTS:ERNXY traded down $0.29 during trading hours on Friday, reaching $39.16. 895 shares of the stock were exchanged, compared to its average volume of 4,510. Euronext has a twelve month low of $26.55 and a twelve month high of $44.00. The firm has a 50 day moving average of $37.26 and a 200 day moving average of $34.09.

Euronext Company Profile

Euronext N.V. is a pan-European market infrastructure operator that runs regulated exchanges and trading venues across Europe. Its activities include the listing and trading of equities, exchange-traded funds, bonds, derivatives, warrants and other financial instruments, serving companies, investors, financial institutions and other market participants.

The company also provides market data, indices, issuer services, technology and post-trade infrastructure. Through its clearing and settlement-related operations and other market services, Euronext supports transactions throughout the investment lifecycle.

Euronext was established in 2000 through the combination of the exchanges in Amsterdam, Brussels and Paris.