Orlen S.A. (OTCMKTS:PSKOF) Sees Large Drop in Short Interest

Orlen S.A. (OTCMKTS:PSKOF) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 77 shares, a drop of 99.9% from the April 30th total of 81,126 shares. Based on an average daily volume of 5 shares, the short-interest ratio is currently 15.4 days.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf lowered shares of Orlen to an “underperform” rating and set a $94.00 price target on the stock. in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Orlen presently has a consensus rating of “Sell”.

Orlen Price Performance

OTCMKTS:PSKOF remained flat at C$35.40 during mid-day trading on Friday. The business has a fifty day moving average price of C$35.30 and a two-hundred day moving average price of C$31.22. Orlen has a fifty-two week low of C$16.20 and a fifty-two week high of C$36.10.

Orlen Company Profile

Orlen (OTCMKTS:PSKOF), formally known as PKN Orlen, is a leading integrated oil and gas company headquartered in Płock, Poland. The company’s core operations span refining, petrochemical production and the distribution of fuels and energy products. Through its extensive refining network, Orlen processes crude oil into a range of refined products including gasoline, diesel, aviation fuel and lubricants, supplying both domestic and international markets.

In addition to refining, Orlen maintains a robust retail segment operating thousands of service stations under its Orlen and Star brands across Poland, the Czech Republic, Lithuania and Germany.