Short Interest in Bechtle AG (OTCMKTS:BECTY) Increases By 1,300.0%

Bechtle AG (OTCMKTS:BECTY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 322 shares, an increase of 1,300.0% from the June 15th total of 23 shares. Based on an average trading volume of 180 shares, the days-to-cover ratio is presently 1.8 days.

Bechtle Stock Performance

Shares of OTCMKTS BECTY opened at $7.35 on Friday. The business has a 50 day simple moving average of $7.41 and a 200-day simple moving average of $8.10. Bechtle has a twelve month low of $6.00 and a twelve month high of $11.25.

Analyst Upgrades and Downgrades

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

Bechtle Company Profile

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.