Octave Intelligence plc (NASDAQ:OCTV) Short Interest Down 57.0% in June

Octave Intelligence plc (NASDAQ:OCTV) was the recipient of a large decline in short interest during the month of 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 trading volume, of 2,280,080 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

OCTV has been the topic of a number of analyst reports. Royal Bank Of Canada assumed coverage on Octave Intelligence in a research note on Tuesday, June 2nd. They set a “sector perform” rating and a $21.00 price objective on the stock. Guggenheim assumed coverage on shares of Octave Intelligence in a research note on Thursday, May 28th. They issued a “buy” rating and a $30.00 target price for the company. BNP Paribas Exane started coverage on shares of Octave Intelligence in a report on Tuesday, June 2nd. They set an “outperform” rating and a $25.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Octave Intelligence in a research report on Monday, June 1st. They set a “neutral” rating and a $17.00 price target on the stock. Finally, Barclays initiated coverage on shares of Octave Intelligence in a research note on Thursday, June 18th. They issued an “equal weight” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.83.

Octave Intelligence Trading Down 1.4%

NASDAQ:OCTV opened at $16.05 on Monday. Octave Intelligence has a 1-year low of $15.61 and a 1-year high of $30.00.