Bechtle AG (OTCMKTS:BECTY) Short Interest Up 1,500.0% in May

Bechtle AG (OTCMKTS:BECTY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 112 shares, a growth of 1,500.0% from the May 14th total of 7 shares. Based on an average trading volume of 291 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

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

Bechtle Trading Down 11.7%

Shares of OTCMKTS BECTY traded down $0.93 during midday trading on Tuesday, reaching $7.03. The company had a trading volume of 230 shares, compared to its average volume of 2,194. The business’s 50-day simple moving average is $7.14 and its 200 day simple moving average is $8.51. Bechtle has a 1 year low of $6.00 and a 1 year high of $11.25.

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.