OVH Groupe S.A. (OTCMKTS:OVHFF) Stock Short Interest Declines 98.5%

OVH Groupe S.A. (OTCMKTS:OVHFF) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 484 shares, a decline of 98.5% from the August 31st total of 31,649 shares. Based on an average trading volume of 66 shares, the short-interest ratio is presently 7.3 days.

OVH Groupe Price Performance

Shares of OVH Groupe stock remained flat at $20.35 during trading on Thursday. 180 shares of the company traded hands, compared to its average volume of 2,708. OVH Groupe has a one year low of $8.34 and a one year high of $20.35. The firm’s 50 day moving average is $16.93 and its 200-day moving average is $15.19.

Analyst Ratings Changes

Separately, BNP Paribas Exane upgraded OVH Groupe to an “outperform” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, OVH Groupe currently has an average rating of “Buy”.

About OVH Groupe

OVH Groupe SA provides public and private cloud, shared hosting, and dedicated server products and solutions worldwide. The company operates through three segments: Private Cloud, Public Cloud, and Web Cloud & Other. It offers Bare Metal Cloud that provides dedicated servers; Hosted Private Cloud, which offers servers fully managed by OVHcloud, such as operating system and the virtualisation layer; Public Cloud that provides cloud computing services on shared servers; and web cloud services. The company also offers website hosting, domain name registration, telephony, and internet access services, as well as voice over internet protocol solutions.