Verbund Ag (OTCMKTS:OEZVY – Get Free Report) was the target of a significant growth in short interest in 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 volume of 2,829 shares, the days-to-cover ratio is currently 0.3 days.
Verbund Trading Down 13.4%
Shares of Verbund stock traded down $1.84 during trading hours on Friday, reaching $11.88. 1,657 shares of the company’s stock were exchanged, compared to its average volume of 881. The company has a 50 day moving average of $13.99 and a two-hundred day moving average of $14.64. Verbund has a fifty-two week low of $11.88 and a fifty-two week high of $17.13.
Verbund (OTCMKTS:OEZVY – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.
Analyst Upgrades and Downgrades
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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.
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