OVH Groupe S.A. (OTCMKTS:OVHFF) Stock Short Interest Drops 98.5%

OVH Groupe S.A. (OTCMKTS:OVHFF) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 484 shares, a drop of 98.5% from the August 31st total of 31,649 shares. Based on an average daily volume of 66 shares, the days-to-cover ratio is currently 7.3 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane upgraded OVH Groupe to an “outperform” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

OVH Groupe Stock Performance

OVHFF opened at $20.35 on Friday. OVH Groupe has a twelve month low of $8.34 and a twelve month high of $20.35. The company has a fifty day moving average of $16.93 and a 200-day moving average of $15.19.

OVH Groupe Company Profile

OVH Groupe SA provides public and private cloud, shared hosting, and dedicated server products and solutions worldwide. The company operates through three segments: Private Cloud, Public Cloud, and Web Cloud & Other. It offers Bare Metal Cloud that provides dedicated servers; Hosted Private Cloud, which offers servers fully managed by OVHcloud, such as operating system and the virtualisation layer; Public Cloud that provides cloud computing services on shared servers; and web cloud services. The company also offers website hosting, domain name registration, telephony, and internet access services, as well as voice over internet protocol solutions.