Sartorius Stedim Biotech S.A. (OTCMKTS:SDMHF) Short Interest Update

Sartorius Stedim Biotech S.A. (OTCMKTS:SDMHF) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 35,300 shares, an increase of 23.4% from the April 30th total of 28,600 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is presently 32.1 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut shares of Sartorius Stedim Biotech from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, May 21st.

Sartorius Stedim Biotech Stock Performance

OTCMKTS SDMHF opened at $216.65 on Wednesday. Sartorius Stedim Biotech has a 52-week low of $158.00 and a 52-week high of $241.80. The firm has a 50-day moving average of $215.45 and a 200-day moving average of $207.18.

About Sartorius Stedim Biotech

Sartorius Stedim Biotech SA engages in the production and sale of instruments and consumables for the biopharmaceutical industry worldwide. The company offers various products, such as cell lines; cell culture media; bioreactors; advanced therapies; and a range of products for separation, purification, and concentration processes, as well as products and systems for storage and transportation of intermediate and finished biological products.