OVH Groupe S.A. (OTCMKTS:OVHFF) Shares Shorted: Short Interest Up 547.1% in September

OVH Groupe S.A. (OTCMKTS:OVHFF) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,132 shares, an increase of 547.1% from the September 15th total of 484 shares. Based on an average daily trading volume, of 124 shares, the days-to-cover ratio is currently 25.3 days.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane raised OVH Groupe to an “outperform” rating in a report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

OVH Groupe Price Performance

Shares of OTCMKTS OVHFF remained flat at $19.59 during trading hours on Friday. OVH Groupe has a 1 year low of $8.34 and a 1 year high of $20.35. The stock has a 50 day moving average of $17.70 and a two-hundred day moving average of $15.87.

OVH Groupe Company Profile

OVH Groupe, operating under the OVHcloud brand, is a France-based cloud computing and web hosting company. It provides infrastructure and digital services to businesses, public-sector organizations, developers and individual customers, with an emphasis on data sovereignty, security and scalable cloud infrastructure.

The company’s offerings include bare-metal dedicated servers, public cloud computing, private and hosted private cloud solutions, web hosting, domain-name services, storage, networking, cybersecurity and managed services.