Bechtle AG (OTCMKTS:BECTY) Sees Large Increase in Short Interest

Bechtle AG (OTCMKTS:BECTY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 200 shares, a growth of 100.0% from the June 30th total of 100 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Bechtle in a report on Monday, May 12th.

Bechtle Price Performance

Bechtle stock opened at $8.80 on Thursday. Bechtle has a fifty-two week low of $6.26 and a fifty-two week high of $9.38. The stock’s fifty day moving average is $8.97 and its two-hundred day moving average is $8.04.

About Bechtle

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation.