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

Verbund Ag (OTCMKTS:OEZVY) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,050 shares, a growth of ? from the April 15th total of 0 shares. Based on an average daily trading volume, of 432 shares, the days-to-cover ratio is currently 2.4 days.

Verbund Stock Down 0.6%

OTCMKTS OEZVY opened at $14.10 on Friday. Verbund has a 1-year low of $13.61 and a 1-year high of $17.13. The business’s 50-day simple moving average is $15.19 and its 200-day simple moving average is $15.00.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Kepler Capital Markets cut Verbund from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Strong Sell”.

About Verbund

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.