OVH Groupe S.A. (OTCMKTS:OVHFF) Shares Shorted: Short Interest Down 98.5% in September

OVH Groupe S.A. (OTCMKTS:OVHFF) was the target of a significant decrease in short interest during 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 short-interest ratio is presently 7.3 days.

Wall Street Analyst Weigh In

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

OVH Groupe Stock Performance

Shares of OTCMKTS:OVHFF remained flat at $20.35 during mid-day trading on Friday. OVH Groupe has a 12 month low of $8.34 and a 12 month high of $20.35. The business’s 50 day moving average price is $17.03 and its 200-day moving average price is $15.23.

About OVH Groupe

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.