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

Orlen S.A. (OTCMKTS:PSKOF) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 70,210 shares, a growth of 22.2% from the March 15th total of 57,441 shares. Based on an average daily volume of 233 shares, the short-interest ratio is currently 301.3 days.

Analyst Upgrades and Downgrades

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 equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Orlen has a consensus rating of “Sell”.

Orlen Stock Performance

Shares of Orlen stock opened at C$35.40 on Thursday. Orlen has a 52 week low of C$16.20 and a 52 week high of C$36.10. The firm’s 50 day moving average is C$33.03 and its two-hundred day moving average is C$28.81.

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.