Short Interest in Octave Intelligence plc (NASDAQ:OCTV) Increases By 164.1%

Octave Intelligence plc (NASDAQ:OCTV) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 2,550,360 shares, an increase of 164.1% from the July 30th total of 965,685 shares. Based on an average daily trading volume, of 2,471,672 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Octave Intelligence

A hedge fund recently bought a new stake in Octave Intelligence stock. Ancora Advisors LLC acquired a new stake in shares of Octave Intelligence plc (NASDAQ:OCTV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 54,080 shares of the company’s stock, valued at approximately $882,000.

Octave Intelligence Stock Performance

NASDAQ OCTV opened at $19.85 on Friday. Octave Intelligence has a 12 month low of $15.41 and a 12 month high of $30.00. The business has a fifty day moving average of $17.67.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OCTV. BNP Paribas Exane initiated coverage on shares of Octave Intelligence in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $25.00 price target for the company. Barclays began coverage on shares of Octave Intelligence in a research report on Thursday, June 18th. They set an “equal weight” rating and a $18.00 price target for the company. Evercore began coverage on shares of Octave Intelligence in a research note on Friday, June 12th. They set an “in-line” rating and a $20.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Octave Intelligence in a report on Monday, June 1st. They issued a “neutral” rating and a $17.00 price objective on the stock. Finally, Royal Bank Of Canada initiated coverage on shares of Octave Intelligence in a research note on Tuesday, June 2nd. They set a “sector perform” rating and a $21.00 target price for the company. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Octave Intelligence currently has an average rating of “Hold” and an average target price of $21.83.