Verbund Ag (OTCMKTS:OEZVY) Sees Significant Increase in Short Interest

Verbund Ag (OTCMKTS:OEZVY) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 759 shares, a growth of 368.5% from the May 31st total of 162 shares. Based on an average daily trading volume, of 2,829 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OEZVY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Strong Sell”.

Verbund Trading Down 13.4%

OEZVY stock traded down $1.84 on Friday, reaching $11.88. 1,657 shares of the company were exchanged, compared to its average volume of 881. Verbund has a 12 month low of $11.88 and a 12 month high of $17.13. The stock’s fifty day moving average price is $13.99 and its 200 day moving average price is $14.64.

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

Verbund Company Profile

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.