Bechtle AG (OTCMKTS:BECTY) Short Interest Up 1,500.0% in May

Bechtle AG (OTCMKTS:BECTY) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 112 shares, an increase of 1,500.0% from the May 14th total of 7 shares. Based on an average daily volume of 291 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bechtle in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bechtle has a consensus rating of “Buy”.

Bechtle Trading Down 11.7%

OTCMKTS:BECTY traded down $0.93 during midday trading on Tuesday, reaching $7.03. 230 shares of the stock traded hands, compared to its average volume of 2,194. Bechtle has a 12-month low of $6.00 and a 12-month high of $11.25. The business has a 50-day moving average of $7.14 and a two-hundred day moving average of $8.51.

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.