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

Bechtle AG (OTCMKTS:BECTY) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 23 shares, a drop of 79.5% from the May 31st total of 112 shares. Based on an average daily trading volume, of 305 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bechtle in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Bechtle Price Performance

OTCMKTS BECTY opened at $7.19 on Monday. The business’s fifty day moving average price is $7.37 and its 200-day moving average price is $8.28. Bechtle has a 1-year low of $6.00 and a 1-year high of $11.25.

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.