Verbund Ag (OTCMKTS:OEZVY) Sees Large Decline in Short Interest

Verbund Ag (OTCMKTS:OEZVY) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 300 shares, a decrease of 75.0% from the August 15th total of 1,200 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 0.8 days.

Verbund Stock Performance

OTCMKTS:OEZVY remained flat at $18.18 during midday trading on Friday. 16 shares of the company were exchanged, compared to its average volume of 1,827. Verbund has a 1-year low of $13.41 and a 1-year high of $20.07. The business has a fifty day moving average price of $17.29 and a two-hundred day moving average price of $16.12.

Verbund (OTCMKTS:OEZVY) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $2.03 billion during the quarter.

About Verbund

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 798 MW; solar power with a capacity of 253 MW; and two thermal power plants.