Bechtle AG (OTCMKTS:BECTY) Short Interest Update

Bechtle AG (OTCMKTS:BECTY) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 7 shares, a decline of 92.9% from the April 30th total of 99 shares. Based on an average trading volume of 1,143 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bechtle in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Bechtle Price Performance

OTCMKTS BECTY opened at $7.20 on Friday. Bechtle has a 1-year low of $6.00 and a 1-year high of $11.25. The stock has a 50-day moving average of $6.96 and a 200-day moving average of $8.52.

About Bechtle

Bechtle AG is a Europe-based provider of IT infrastructure and services, operating through two main segments: IT Systemhaus & Managed Services and IT E-commerce. In its Systemhaus division, Bechtle delivers design, implementation and support for data center solutions, network and security architectures, cloud services, managed print services and workplace management. Its E-commerce segment offers customers direct access to a broad catalogue of hardware, software and peripherals from leading global vendors via online platforms tailored to private and public sector clients.

Founded in 1983 and headquartered in Neckarsulm, Germany, Bechtle has grown organically and through acquisitions to establish a presence in more than a dozen European countries.