Bechtle AG (OTCMKTS:BECTY) Short Interest Update

Bechtle AG (OTCMKTS:BECTY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 600 shares, an increase of 100.0% from the August 31st total of 300 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas raised Bechtle from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Bechtle Price Performance

Shares of BECTY opened at $9.27 on Tuesday. The firm has a 50 day moving average of $9.24 and a 200 day moving average of $8.77. Bechtle has a twelve month low of $6.26 and a twelve month high of $9.69.

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.