Ocean Yield ASA (OTCMKTS:OYIEF) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 328,200 shares, a drop of 19.2% from the March 31st total of 406,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 3,282.0 days.
A number of brokerages have weighed in on OYIEF. Danske lowered Ocean Yield ASA from a “buy” rating to a “hold” rating in a research note on Monday, January 25th. Pareto Securities upgraded Ocean Yield ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 19th.
Shares of OYIEF opened at $3.50 on Tuesday. The stock has a 50 day moving average of $3.41 and a 200-day moving average of $3.04. Ocean Yield ASA has a 52 week low of $2.09 and a 52 week high of $3.63.
Ocean Yield ASA, a vessel owning company, invests in vessels on long-term charters in Norway. It operates through Tankers, Container Vessels, Car Carriers, Other Shipping, Other Oil Service, FPSO, and Other segments. The company has a fleet consisting of 68 vessels, including tankers, container vessels, dry-bulk, car carriers, gas carriers, and oil service vessels.
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