OVH Groupe S.A. (OTCMKTS:OVHFF) Stock Short Interest Climbs 547.1%

OVH Groupe S.A. (OTCMKTS:OVHFF) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,132 shares, an increase of 547.1% from the September 15th total of 484 shares. Based on an average daily volume of 124 shares, the short-interest ratio is presently 25.3 days.

OVH Groupe Price Performance

Shares of OTCMKTS OVHFF remained flat at $19.59 during midday trading on Friday. The company’s 50-day moving average is $17.70 and its 200-day moving average is $15.87. OVH Groupe has a 12 month low of $8.34 and a 12 month high of $20.35.

Wall Street Analysts Forecast Growth

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

About OVH Groupe

OVH Groupe, operating under the OVHcloud brand, is a France-based cloud computing and web hosting company. It provides infrastructure and digital services to businesses, public-sector organizations, developers and individual customers, with an emphasis on data sovereignty, security and scalable cloud infrastructure.

The company’s offerings include bare-metal dedicated servers, public cloud computing, private and hosted private cloud solutions, web hosting, domain-name services, storage, networking, cybersecurity and managed services.