Octave Intelligence plc (NASDAQ:OCTV) Stock Short Interest Jumps 93.5%

Octave Intelligence plc (NASDAQ:OCTV) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,301,084 shares, a growth of 93.5% from the September 15th total of 2,739,613 shares. Based on an average daily volume of 3,636,593 shares, the short-interest ratio is presently 1.5 days.

Octave Intelligence Stock Down 1.1%

OCTV stock traded down $0.23 during midday trading on Wednesday, hitting $19.83. 1,029,307 shares of the company traded hands, compared to its average volume of 1,966,932. Octave Intelligence has a twelve month low of $15.41 and a twelve month high of $30.00. The firm’s 50 day simple moving average is $19.07.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OCTV. Morgan Stanley initiated coverage on Octave Intelligence in a report on Thursday, September 17th. They set an “equal weight” rating and a $21.00 target price on the stock. Wall Street Zen raised shares of Octave Intelligence to a “hold” rating in a research report on Saturday, July 18th. Barclays began coverage on Octave Intelligence in a research report on Thursday, June 18th. They set an “equal weight” rating and a $18.00 price target on the stock. Finally, Weiss Ratings assumed coverage on shares of Octave Intelligence in a research report on Monday, August 17th. They issued a “sell (d)” rating for the company. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.71.

Hedge Funds Weigh In On Octave Intelligence

Several large investors have recently bought and sold shares of OCTV. O Keefe Stevens Advisory Inc. acquired a new position in shares of Octave Intelligence during the third quarter valued at about $13,173,000. Ancora Advisors LLC acquired a new position in Octave Intelligence during the second quarter worth $882,000. Finally, Squarepoint Ops LLC bought a new position in shares of Octave Intelligence in the second quarter valued at approximately $190,000.

Octave Intelligence Company Profile

Octave Intelligence plc provides various software solutions. Its solutions helps organizations to better understand and manage the environments in which they design, build, operate, and protect their assets, people, and critical infrastructure. Its platform connects data, events, and workflows across various environments and applies context-aware intelligence to help customers understand what is happening, what may happen next, and how actions in one area affect conditions in another. The company serves power generation and utilities, data centers and IT infrastructure operators, heavy construction and public works, industrial process industries, public safety and emergency response agencies, transportation networks and logistics operations, light process industries, and discrete manufacturing industries.