Verbund Ag (OTCMKTS:OEZVY) Sees Large Increase in Short Interest

Verbund Ag (OTCMKTS:OEZVY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 759 shares, a growth of 368.5% from the May 31st total of 162 shares. Based on an average daily trading volume, of 2,829 shares, the short-interest ratio is presently 0.3 days.

Verbund Trading Down 13.4%

OEZVY stock traded down $1.84 during midday trading on Friday, reaching $11.88. 1,657 shares of the company’s stock traded hands, compared to its average volume of 881. The company has a 50-day moving average price of $13.99 and a two-hundred day moving average price of $14.64. Verbund has a 52 week low of $11.88 and a 52 week high of $17.13.

Verbund (OTCMKTS:OEZVY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Verbund in a report on Thursday, April 23rd. Morgan Stanley reiterated an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Verbund currently has a consensus rating of “Strong Sell”.

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.