Heidelberger Druckmaschinen Aktiengesellschaft (OTCMKTS:HBGRF) Sees Significant Increase in Short Interest

Heidelberger Druckmaschinen Aktiengesellschaft (OTCMKTS:HBGRF) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,730 shares, an increase of 362.4% from the September 30th total of 1,888 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Heidelberger Druckmaschinen Aktiengesellschaft Price Performance

Shares of OTCMKTS:HBGRF remained flat at $1.60 during midday trading on Thursday. Heidelberger Druckmaschinen Aktiengesellschaft has a 1 year low of $1.58 and a 1 year high of $2.43. The business has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $1.83.

Heidelberger Druckmaschinen Aktiengesellschaft Company Profile

Heidelberger Druckmaschinen Aktiengesellschaft, commonly known as Heidelberg, is a Germany-based manufacturer of printing and media technology. Founded in 1850 and headquartered in Heidelberg, the company develops equipment and solutions for commercial printing, packaging production and label printing.

Its portfolio includes sheetfed and web offset presses, digital printing systems, postpress and packaging equipment, printing plates, consumables, and workflow and automation software. Heidelberg also provides installation, maintenance, consulting, training and other services designed to support customers throughout the printing process.

The company serves printing and packaging businesses in markets around the world through its international sales, service and distribution network.