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

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

OVH Groupe Stock Performance

OVHFF stock remained flat at $20.35 during mid-day trading on Thursday. The company’s stock had a trading volume of 180 shares, compared to its average volume of 2,708. OVH Groupe has a 1-year low of $8.34 and a 1-year high of $20.35. The business’s 50 day moving average price is $16.93 and its 200 day moving average price is $15.19.

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Analyst Ratings Changes

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

View Our Latest Stock Analysis on OVH Groupe

OVH Groupe Company Profile

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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.

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