Short Interest in Bechtle AG (OTCMKTS:BECTY) Expands By 1,300.0%

Bechtle AG (OTCMKTS:BECTY) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 322 shares, an increase of 1,300.0% from the June 15th total of 23 shares. Based on an average daily volume of 180 shares, the short-interest ratio is presently 1.8 days.

Bechtle Price Performance

OTCMKTS BECTY remained flat at $7.35 on Friday. The business has a 50 day moving average price of $7.40 and a 200 day moving average price of $8.10. Bechtle has a twelve month low of $6.00 and a twelve month high of $11.25.

Analysts Set New Price Targets

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

Bechtle Company Profile

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.