Straumann Holding AG (OTCMKTS:SAUHY) Sees Large Increase in Short Interest

Straumann Holding AG (OTCMKTS:SAUHY) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,042,331 shares, an increase of 3,762.9% from the October 15th total of 26,983 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 998,921 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

SAUHY has been the topic of a number of recent analyst reports. Berenberg Bank raised Straumann to a “strong-buy” rating in a research note on Thursday, September 17th. Citigroup reissued a “sell” rating on shares of Straumann in a research report on Wednesday, October 21st. UBS Group upgraded shares of Straumann from a “neutral” rating to a “buy” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Straumann from a “buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, The Goldman Sachs Group upgraded Straumann from a “neutral” rating to a “buy” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Straumann Price Performance

Shares of SAUHY traded up $0.07 during trading hours on Tuesday, reaching $12.94. The stock had a trading volume of 32,003 shares, compared to its average volume of 507,711. Straumann has a 12 month low of $9.44 and a 12 month high of $13.61. The firm has a 50-day simple moving average of $11.59 and a 200 day simple moving average of $11.67.

Straumann Company Profile

Straumann Group is a Swiss dental technology company that develops and supplies products and services for tooth replacement and oral tissue regeneration. Its offerings include dental implant systems, prosthetic components, biomaterials and related solutions used by dental professionals and laboratories. The company also provides digital dentistry technologies and services, including tools for treatment planning and dental restoration, as well as orthodontic products such as clear aligners through its ClearCorrect brand.