Octave Intelligence plc (NASDAQ:OCTV) Short Interest Up ? in May

Octave Intelligence plc (NASDAQ:OCTV) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,810,146 shares, an increase of ? from the May 14th total of 0 shares. Based on an average trading volume of 767,225 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analyst Weigh In

OCTV has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on Octave Intelligence in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $25.00 target price for the company. Royal Bank Of Canada initiated coverage on Octave Intelligence in a research note on Tuesday, June 2nd. They issued a “sector perform” rating and a $21.00 target price for the company. The Goldman Sachs Group initiated coverage on Octave Intelligence in a research note on Monday, June 1st. They issued a “neutral” rating and a $17.00 target price for the company. Guggenheim began coverage on Octave Intelligence in a research note on Thursday, May 28th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Evercore began coverage on Octave Intelligence in a research report on Friday. They set an “in-line” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.60.

Octave Intelligence Trading Down 4.0%

Shares of NASDAQ OCTV traded down $0.73 during midday trading on Friday, hitting $17.60. 2,416,260 shares of the company’s stock were exchanged, compared to its average volume of 2,113,573. Octave Intelligence has a twelve month low of $16.65 and a twelve month high of $30.00.