Bechtle AG (OTCMKTS:BECTY) Sees Significant Decrease in Short Interest

Bechtle AG (OTCMKTS:BECTY) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 90 shares, a drop of 18.2% from the February 12th total of 110 shares. Based on an average trading volume of 93 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 93 shares, the short-interest ratio is presently 1.0 days.

Bechtle Stock Performance

Shares of OTCMKTS BECTY opened at $7.51 on Monday. The stock’s fifty day moving average is $9.15 and its 200 day moving average is $9.26. Bechtle has a 52 week low of $7.00 and a 52 week high of $11.25.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bechtle in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bechtle currently has an average rating of “Buy”.

About Bechtle

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.