Bechtle AG (OTCMKTS:BECTY) Sees Large Growth in Short Interest

Bechtle AG (OTCMKTS:BECTY) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 600 shares, an increase of 100.0% from the August 31st total of 300 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is currently 0.5 days.

Bechtle Stock Performance

BECTY stock opened at $9.27 on Friday. The business has a 50 day simple moving average of $9.23 and a 200-day simple moving average of $8.77. Bechtle has a 1 year low of $6.26 and a 1 year high of $9.69.

Analyst Upgrades and Downgrades

Separately, BNP Paribas upgraded Bechtle from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bechtle has a consensus rating of “Buy”.

Bechtle Company Profile

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation.