Straumann Holding AG (OTCMKTS:SAUHY) Sees Significant Drop in Short Interest

Straumann Holding AG (OTCMKTS:SAUHY) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 30,585 shares, a decrease of 85.1% from the May 14th total of 205,953 shares. Based on an average daily volume of 206,959 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Several brokerages recently commented on SAUHY. Morgan Stanley reissued an “underweight” rating on shares of Straumann in a research report on Tuesday, April 14th. Citigroup reissued a “sell” rating on shares of Straumann in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Straumann Price Performance

SAUHY traded down $0.11 during midday trading on Thursday, hitting $11.58. 2,958 shares of the company traded hands, compared to its average volume of 173,263. The company’s 50-day moving average is $11.10 and its 200 day moving average is $11.48. Straumann has a 52 week low of $9.44 and a 52 week high of $14.11.

Straumann Company Profile

Straumann (OTCMKTS:SAUHY) is a Swiss-based dental technology company that develops, manufactures and markets restorative, regenerative and digital solutions for dental professionals. The company’s core offerings center on implant-supported restorations and components, biomaterials used for bone and soft-tissue regeneration, and a range of prosthetic products used by dentists and dental laboratories to restore oral function and aesthetics.

In addition to implant and biomaterial product lines, Straumann provides digital dentistry solutions that support treatment planning and workflows.