Short Interest in Orlen S.A. (OTCMKTS:PSKOF) Expands By 48.5%

Orlen S.A. (OTCMKTS:PSKOF) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 146,783 shares, a growth of 48.5% from the February 12th total of 98,814 shares. Based on an average daily volume of 6 shares, the days-to-cover ratio is currently 24,463.8 days. Based on an average daily volume of 6 shares, the days-to-cover ratio is currently 24,463.8 days.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf downgraded shares of Orlen to an “underperform” rating and set a $94.00 target price on the stock. in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Orlen Stock Performance

Shares of OTCMKTS:PSKOF opened at C$33.75 on Friday. Orlen has a 52-week low of C$16.20 and a 52-week high of C$33.75. The firm has a fifty day moving average of C$29.91 and a 200 day moving average of C$26.89.

About Orlen

Orlen (OTCMKTS:PSKOF), formally known as PKN Orlen, is a leading integrated oil and gas company headquartered in Płock, Poland. The company’s core operations span refining, petrochemical production and the distribution of fuels and energy products. Through its extensive refining network, Orlen processes crude oil into a range of refined products including gasoline, diesel, aviation fuel and lubricants, supplying both domestic and international markets.

In addition to refining, Orlen maintains a robust retail segment operating thousands of service stations under its Orlen and Star brands across Poland, the Czech Republic, Lithuania and Germany.