Short Interest in On the Beach Group plc (OTCMKTS:OOBHF) Increases By 18.2%

On the Beach Group plc (OTCMKTS:OOBHF) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 50,092 shares, an increase of 18.2% from the February 12th total of 42,368 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

On the Beach Group Stock Performance

Shares of On the Beach Group stock opened at $3.15 on Wednesday. The company has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $3.07. On the Beach Group has a one year low of $2.75 and a one year high of $4.10.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, On the Beach Group presently has a consensus rating of “Buy”.

On the Beach Group Company Profile

On the Beach Group plc is a UK-based online travel company specialising in short-haul beach holiday packages. Through its proprietary booking platform, the company offers dynamically packaged flight and hotel combinations to popular Mediterranean and Canary Islands destinations. By partnering with a range of airline and hotel suppliers, On the Beach Group seeks to secure competitive pricing and flexible itineraries, catering to individual and family leisure travellers.

Founded in 2004 and headquartered in Liverpool, On the Beach Group initially focused on the UK market before expanding its operations across Ireland, Sweden, Norway and Germany.