Orlen S.A. (OTCMKTS:PSKOF) Sees Significant Drop in Short Interest

Orlen S.A. (OTCMKTS:PSKOF) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 57,441 shares, a decline of 60.9% from the February 26th total of 146,783 shares. Based on an average daily trading volume, of 160 shares, the days-to-cover ratio is currently 359.0 days.

Orlen Price Performance

PSKOF opened at C$36.10 on Thursday. The stock’s fifty day moving average is C$31.03 and its 200-day moving average is C$27.60. Orlen has a one year low of C$16.20 and a one year high of C$36.10.

Wall Street Analyst Weigh In

Separately, Oddo Bhf cut shares of Orlen to an “underperform” rating and set a $94.00 price objective for the company. in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Orlen Company Profile

Orlen (OTCMKTS:PSKOF), formally known as PKN Orlen, is a leading integrated oil and gas company headquartered in Płock, Poland. The company’s core operations span refining, petrochemical production and the distribution of fuels and energy products. Through its extensive refining network, Orlen processes crude oil into a range of refined products including gasoline, diesel, aviation fuel and lubricants, supplying both domestic and international markets.

In addition to refining, Orlen maintains a robust retail segment operating thousands of service stations under its Orlen and Star brands across Poland, the Czech Republic, Lithuania and Germany.