OMV AG (OTCMKTS:OMVKY – Get Free Report) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 14,736 shares, a decline of 44.0% from the May 31st total of 26,299 shares. Based on an average daily trading volume, of 73,702 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, OMV currently has a consensus rating of “Reduce”.
View Our Latest Stock Report on OMVKY
OMV Stock Up 2.9%
OMV Company Profile
OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.
In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.
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