Verbund Ag (OTCMKTS:OEZVY) Short Interest Down 68.8% in January

Verbund Ag (OTCMKTS:OEZVY) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 226 shares, a decline of 68.8% from the December 31st total of 725 shares. Based on an average daily volume of 2,346 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 2,346 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada began coverage on shares of Verbund in a research note on Monday, December 8th. They issued a “strong sell” rating for the company. One research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Sell”.

Verbund Stock Performance

OTCMKTS:OEZVY opened at $14.35 on Wednesday. The company’s 50 day moving average price is $14.93 and its 200-day moving average price is $14.99. Verbund has a 52 week low of $13.12 and a 52 week high of $17.11.

About Verbund

Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.