Octave Intelligence plc (NASDAQ:OCTV) Short Interest Update

Octave Intelligence plc (NASDAQ:OCTV) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,810,146 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 767,225 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Octave Intelligence in a research report on Tuesday, June 2nd. They issued a “sector perform” rating and a $21.00 price objective on the stock. Guggenheim started coverage on shares of Octave Intelligence in a research report on Thursday, May 28th. They issued a “buy” rating and a $30.00 price objective on the stock. Evercore started coverage on shares of Octave Intelligence in a research report on Friday. They set an “in-line” rating and a $20.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Octave Intelligence in a research report on Monday, June 1st. They set a “neutral” rating and a $17.00 price target on the stock. Finally, BNP Paribas Exane started coverage on shares of Octave Intelligence in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $25.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.60.

Octave Intelligence Stock Up 2.3%

OCTV stock traded up $0.40 on Monday, reaching $18.00. The company’s stock had a trading volume of 1,057,616 shares, compared to its average volume of 2,034,609. Octave Intelligence has a 12-month low of $16.65 and a 12-month high of $30.00.