OMV AG (OTCMKTS:OMVKY – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 45,286 shares, a growth of 207.3% from the June 15th total of 14,736 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 110,771 shares, the short-interest ratio is presently 0.4 days.
Analysts Set New Price Targets
A number of research firms have recently issued reports on OMVKY. Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Jefferies Financial Group downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.
Check Out Our Latest Analysis on OMV
OMV Trading Up 0.5%
About OMV
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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