Orlen S.A. (OTCMKTS:PSKOF) Sees Significant Drop in Short Interest

Orlen S.A. (OTCMKTS:PSKOF) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 57,441 shares, a decline of 60.9% from the February 26th total of 146,783 shares. Based on an average daily volume of 160 shares, the short-interest ratio is currently 359.0 days.

Orlen Price Performance

Shares of PSKOF opened at C$36.10 on Thursday. Orlen has a one year low of C$16.20 and a one year high of C$36.10. The stock’s fifty day moving average is C$31.03 and its 200-day moving average is C$27.60.

Wall Street Analysts Forecast Growth

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

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.