OMV AG (OTCMKTS:OMVKY – Get Free Report) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 26,299 shares, a decline of 77.4% from the May 14th total of 116,458 shares. Based on an average trading volume of 55,092 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Jefferies Financial Group lowered OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, OMV presently has an average rating of “Reduce”.
Read Our Latest Stock Analysis on OMVKY
OMV Stock Down 6.1%
OMV Company Profile
OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.
In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.
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