Sun Sep 29 23:24:58 UTC 2024: ## Short Interest in OMV Aktiengesellschaft Soars 34.8% in September
**Vienna, Austria – September 29, 2024** – OMV Aktiengesellschaft (OTCMKTS:OMVJF), the Austrian energy and chemicals giant, saw a significant increase in short interest during September, according to MarketBeat News. As of September 15th, short interest in OMVJF totaled 203,700 shares, representing a 34.8% surge compared to the August 31st figure of 151,100 shares. This surge in short interest suggests a growing number of investors anticipate a decline in OMVJF’s share price.
The days-to-cover ratio, which measures the number of days it would take to cover all short positions given current trading volume, stands at a hefty 1,018.5 days, indicating potentially strong sentiment against the company.
Meanwhile, UBS Group upgraded OMV Aktiengesellschaft to a “hold” rating in a report released on August 1st, offering a contrasting perspective on the company’s future.
In its latest earnings report released on July 31st, OMV Aktiengesellschaft missed analysts’ expectations, reporting $1.63 EPS for the quarter compared to the consensus estimate of $1.76. Despite this, the company generated revenue of $9.41 billion for the quarter.
Sell-side analysts are currently projecting OMV Aktiengesellschaft to post 7.47 EPS for the current year.
The company operates in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, Central and Eastern Europe, the rest of Europe, and internationally. Its operations are divided into three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.
**Disclaimer:** This news article is based on information publicly available as of September 29th, 2024. Investors are advised to conduct their own due diligence before making investment decisions.
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