Short Interest in Thule Group AB (publ) (OTCMKTS:THUPY) Rises By 431.0%

Thule Group AB (publ) (OTCMKTS:THUPY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,561 shares, an increase of 431.0% from the April 30th total of 294 shares. Based on an average daily trading volume, of 417 shares, the days-to-cover ratio is currently 3.7 days.

Thule Group AB (publ) Price Performance

Shares of OTCMKTS:THUPY opened at $11.84 on Thursday. Thule Group AB has a fifty-two week low of $9.90 and a fifty-two week high of $15.45. The business has a 50-day simple moving average of $11.87 and a two-hundred day simple moving average of $12.22.

Thule Group AB (publ) Company Profile

Thule Group AB (publ) is a leading global organizer of active lifestyles, headquartered in Malmö, Sweden. The company designs, develops and markets a broad portfolio of products that enable the transport, protection and storage of sports equipment and travel gear. Its core offerings include roof racks, bike racks, roof boxes, towbars and accessories for automobiles, as well as luggage, backpacks and other travel solutions.

Founded in 1942, Thule has evolved from a Swedish family enterprise into a multinational business with a presence in more than 140 countries.