OMV Aktiengesellschaft (OTCMKTS:OMVJF) Sees Large Decline in Short Interest

OMV Aktiengesellschaft (OTCMKTS:OMVJF) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 171,600 shares, a decline of 14.8% from the December 15th total of 201,500 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 858.0 days.

Analysts Set New Price Targets

Separately, BNP Paribas upgraded OMV Aktiengesellschaft to a “strong-buy” rating in a research report on Wednesday, October 9th.

OMV Aktiengesellschaft Stock Performance

OTCMKTS OMVJF opened at $40.03 on Friday. OMV Aktiengesellschaft has a 1-year low of $37.04 and a 1-year high of $52.00. The stock has a 50-day moving average of $39.01 and a 200-day moving average of $41.20. The firm has a market cap of $13.09 billion, a PE ratio of 7.76 and a beta of 0.82.

About OMV Aktiengesellschaft

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.