Verbund Ag (OTCMKTS:OEZVY) Stock Short Interest Climbs 138.2%

Verbund Ag (OTCMKTS:OEZVY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,167 shares, a growth of 138.2% from the August 31st total of 490 shares. Based on an average daily trading volume, of 410 shares, the short-interest ratio is presently 2.8 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded Verbund from a “sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Strong Sell”.

Verbund Trading Up 0.8%

OTCMKTS:OEZVY opened at $14.32 on Tuesday. Verbund has a one year low of $11.88 and a one year high of $17.13. The stock has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $14.22.

Verbund Company Profile

VERBUND AG is an Austrian electricity company focused primarily on the generation, trading and sale of electricity from renewable sources. Hydropower is the core of its business, supported by investments in wind power and other renewable energy activities. The company also provides energy-related services and participates in wholesale electricity markets.

Founded in 1947 as Österreichische Elektrizitätswirtschafts-AG, VERBUND was established to develop Austria’s electricity infrastructure and hydropower resources.