Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFY) Shares Shorted: Short Interest Up 606.8% in October

Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 59,276 shares, an increase of 606.8% from the September 30th total of 8,387 shares. Based on an average daily trading volume, of 246,188 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Beiersdorf Aktiengesellschaft Stock Down 3.4%

BDRFY opened at $17.97 on Wednesday. Beiersdorf Aktiengesellschaft has a fifty-two week low of $15.55 and a fifty-two week high of $25.98. The company has a fifty day moving average of $17.83 and a 200 day moving average of $18.70.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Beiersdorf Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Beiersdorf Aktiengesellschaft Company Profile

Beiersdorf Aktiengesellschaft is a Germany-based consumer goods company headquartered in Hamburg. Founded in 1882, the company develops, manufactures and markets skin care, personal care and adhesive products for consumers and professional customers worldwide.

Its best-known brand is NIVEA, which offers facial care, body care, sun protection, deodorants and other skin care products. Beiersdorf also owns or markets brands including Eucerin, La Prairie, Aquaphor, Hansaplast and Coppertone, serving a range of mass-market, dermatological and premium skin care segments.

Through its tesa business, Beiersdorf supplies self-adhesive products and solutions for consumers, tradespeople and industrial customers.