Bechtle AG (OTCMKTS:BECTY) Short Interest Down 79.5% in June

Bechtle AG (OTCMKTS:BECTY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 23 shares, a decrease of 79.5% from the May 31st total of 112 shares. Based on an average daily volume of 305 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bechtle in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Bechtle Price Performance

Shares of OTCMKTS:BECTY opened at $7.19 on Friday. Bechtle has a 1-year low of $6.00 and a 1-year high of $11.25. The business has a 50-day moving average price of $7.37 and a two-hundred day moving average price of $8.29.

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.