INDUS Holding AG (OTCMKTS:INDHF) Sees Large Decline in Short Interest

INDUS Holding AG (OTCMKTS:INDHF) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 214 shares, a decline of 84.3% from the September 15th total of 1,365 shares. Based on an average daily volume of 545 shares, the days-to-cover ratio is currently 0.4 days.

INDUS Price Performance

INDHF remained flat at C$45.08 during mid-day trading on Friday. The stock’s fifty day simple moving average is C$33.14 and its 200-day simple moving average is C$31.23. INDUS has a fifty-two week low of C$42.94 and a fifty-two week high of C$45.08.

INDUS Company Profile

INDUS Holding AG is a German investment holding company that develops and manages a portfolio of medium-sized industrial businesses. The company provides its subsidiaries with long-term ownership, strategic support and access to resources while allowing them to operate with a high degree of independence.

Its portfolio has historically included companies active in engineering, infrastructure and construction-related products, automotive technology, materials and life sciences. These businesses manufacture specialized components, systems and products for industrial, commercial and infrastructure customers, serving a range of markets rather than relying on a single end-use sector.

Founded in 1989, INDUS is headquartered in Bergisch Gladbach, Germany, and primarily serves customers through its portfolio companies in Germany and other European markets.