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

Bechtle AG (OTCMKTS:BECTY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 110 shares, an increase of 340.0% from the November 30th total of 25 shares. Based on an average daily volume of 404 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 404 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

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

Bechtle Stock Performance

Shares of BECTY stock opened at $10.15 on Thursday. The business’s 50 day moving average is $9.25 and its two-hundred day moving average is $9.20. Bechtle has a 12-month low of $6.26 and a 12-month high of $10.50.

About Bechtle

Bechtle AG is a Europe-based provider of IT infrastructure and services, operating through two main segments: IT Systemhaus & Managed Services and IT E-commerce. In its Systemhaus division, Bechtle delivers design, implementation and support for data center solutions, network and security architectures, cloud services, managed print services and workplace management. Its E-commerce segment offers customers direct access to a broad catalogue of hardware, software and peripherals from leading global vendors via online platforms tailored to private and public sector clients.

Founded in 1983 and headquartered in Neckarsulm, Germany, Bechtle has grown organically and through acquisitions to establish a presence in more than a dozen European countries.