DocMorris AG (OTCMKTS:ZRSEF) Short Interest Up 66.8% in July

DocMorris AG (OTCMKTS:ZRSEF) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,072,637 shares, an increase of 66.8% from the July 15th total of 643,190 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

DocMorris Price Performance

Shares of OTCMKTS:ZRSEF opened at $7.45 on Monday. The firm’s 50 day simple moving average is $7.45 and its two-hundred day simple moving average is $7.45. DocMorris has a 1-year low of $7.45 and a 1-year high of $42.50.

Wall Street Analysts Forecast Growth

ZRSEF has been the topic of several recent research reports. UBS Group upgraded shares of DocMorris from a “sell” rating to a “neutral” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft upgraded DocMorris from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About DocMorris

DocMorris is a leading European online pharmacy brand and a subsidiary of the Swiss-based Zur Rose Group (OTCMKTS:ZRSEF). Through its digital platform, the company offers mail-order dispensing of prescription medications and over-the-counter health products directly to consumers’ homes.

The company’s core services include the online sale and delivery of prescription and non-prescription drugs, health supplements, personal care items and medical devices. Leveraging its e-commerce infrastructure and proprietary pharmacy management systems, DocMorris also provides digital health solutions such as telemedicine consultations, medication management tools and mobile app-based healthcare services.

Originally launched in the early 2000s in Germany, DocMorris has expanded its reach to serve customers in multiple European countries, including the Netherlands, Belgium, Luxembourg and Switzerland.