Bechtle AG (OTCMKTS:BECTY) Short Interest Up 1,300.0% in June

Bechtle AG (OTCMKTS:BECTY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 322 shares, an increase of 1,300.0% from the June 15th total of 23 shares. Based on an average trading volume of 180 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

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

Bechtle Stock Performance

Shares of OTCMKTS:BECTY remained flat at $7.35 during mid-day trading on Friday. Bechtle has a one year low of $6.00 and a one year high of $11.25. The stock has a 50 day moving average of $7.40 and a 200 day moving average of $8.10.

Bechtle Company Profile

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.