Short Interest in Octave Intelligence plc (NASDAQ:OCTV) Decreases By 57.0%

Octave Intelligence plc (NASDAQ:OCTV) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 777,489 shares, a decline of 57.0% from the May 31st total of 1,810,146 shares. Based on an average daily volume of 2,280,080 shares, the days-to-cover ratio is presently 0.3 days.

Octave Intelligence Price Performance

Octave Intelligence stock traded down $0.18 during mid-day trading on Tuesday, hitting $16.30. 502,529 shares of the company were exchanged, compared to its average volume of 1,870,022. Octave Intelligence has a 12-month low of $15.61 and a 12-month high of $30.00.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OCTV shares. Royal Bank Of Canada began coverage on Octave Intelligence in a research report on Tuesday, June 2nd. They issued a “sector perform” rating and a $21.00 price target for the company. Evercore began coverage on shares of Octave Intelligence in a research note on Friday, June 12th. They issued an “in-line” rating and a $20.00 price objective on the stock. Guggenheim started coverage on shares of Octave Intelligence in a report on Thursday, May 28th. They set a “buy” rating and a $30.00 target price for the company. BNP Paribas Exane began coverage on shares of Octave Intelligence in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $25.00 target price for the company. Finally, Barclays assumed coverage on shares of Octave Intelligence in a research report on Thursday, June 18th. They set an “equal weight” rating and a $18.00 target price for the company. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.83.