Verbund Ag (OTCMKTS:OEZVY) Sees Significant Decrease in Short Interest

Verbund Ag (OTCMKTS:OEZVY) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 162 shares, a drop of 89.0% from the May 14th total of 1,473 shares. Based on an average daily volume of 368 shares, the short-interest ratio is presently 0.4 days.

Verbund Price Performance

Shares of OEZVY traded up $0.07 during mid-day trading on Tuesday, hitting $13.61. The company had a trading volume of 516 shares, compared to its average volume of 972. The business’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $14.79. Verbund has a 1-year low of $13.21 and a 1-year high of $17.13.

Verbund (OTCMKTS:OEZVY) last released its earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Kepler Capital Markets cut shares of Verbund from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Verbund in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Verbund has a consensus rating of “Strong Sell”.

Verbund Company Profile

Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.