Verbund Ag (OTCMKTS:OEZVY) Short Interest Update

Verbund Ag (OTCMKTS:OEZVY) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 162 shares, a decline of 89.0% from the May 14th total of 1,473 shares. Based on an average daily trading volume, of 368 shares, the days-to-cover ratio is currently 0.4 days.

Verbund Price Performance

Shares of OTCMKTS OEZVY traded up $0.33 during trading on Thursday, hitting $14.41. 378 shares of the company traded hands, compared to its average volume of 942. The business’s fifty day moving average is $14.45 and its 200 day moving average is $14.78. Verbund has a fifty-two week low of $13.21 and a fifty-two week high of $17.13.

Verbund (OTCMKTS:OEZVY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion.

Analyst Upgrades and Downgrades

OEZVY has been the topic of several analyst reports. Morgan Stanley reissued an “underweight” rating on shares of Verbund in a research note on Monday, May 18th. Kepler Capital Markets cut shares of Verbund from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Verbund presently has an average 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.