Euronext NV (OTCMKTS:ERNXY) Shares Shorted: Short Interest Down 47.8% in October

Euronext NV (OTCMKTS:ERNXY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 1,172 shares, a drop of 47.8% from the September 30th total of 2,247 shares. Based on an average daily trading volume, of 11,003 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Euronext from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Euronext presently has a consensus rating of “Strong Buy”.

Euronext Price Performance

ERNXY stock remained flat at $39.16 on Monday. The company had a trading volume of 895 shares, compared to its average volume of 4,544. Euronext has a 1-year low of $26.55 and a 1-year high of $44.00. The business has a 50 day simple moving average of $37.26 and a two-hundred day simple moving average of $34.09.

About Euronext

Euronext N.V. is a pan-European market infrastructure operator that runs regulated exchanges and trading venues across Europe. Its activities include the listing and trading of equities, exchange-traded funds, bonds, derivatives, warrants and other financial instruments, serving companies, investors, financial institutions and other market participants.

The company also provides market data, indices, issuer services, technology and post-trade infrastructure. Through its clearing and settlement-related operations and other market services, Euronext supports transactions throughout the investment lifecycle.

Euronext was established in 2000 through the combination of the exchanges in Amsterdam, Brussels and Paris.