Vivendi SA (OTCMKTS:VIVHY) Sees Significant Decline in Short Interest

Vivendi SA (OTCMKTS:VIVHY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 9,400 shares, a decline of 80.5% from the July 30th total of 48,090 shares. Based on an average daily volume of 382,982 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Vivendi Price Performance

VIVHY opened at $1.88 on Wednesday. The company’s 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $2.31. Vivendi has a 1-year low of $1.78 and a 1-year high of $3.68.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Vivendi from a “hold” rating to a “buy” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Vivendi

Vivendi is a French multinational conglomerate headquartered in Paris, primarily active in the media, entertainment and communications sectors. The company’s diversified portfolio encompasses music, television, film, video games and advertising, reflecting its evolution from a water utility to a global content powerhouse. Vivendi operates through major subsidiaries and associated businesses, positioning itself as a key player in the creation, distribution and promotion of creative content around the world.

In the music industry, Vivendi holds a significant stake in Universal Music Group, one of the world’s leading music enterprises.