Short Interest in Redcare Pharmacy NV (OTCMKTS:SAEYY) Expands By 5,000.0%

Redcare Pharmacy NV (OTCMKTS:SAEYY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 102 shares, an increase of 5,000.0% from the May 31st total of 2 shares. Based on an average daily trading volume, of 9 shares, the short-interest ratio is presently 11.3 days.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAEYY. Barclays restated an “overweight” rating on shares of Redcare Pharmacy in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Redcare Pharmacy in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Redcare Pharmacy Price Performance

Shares of SAEYY stock opened at $7.55 on Friday. Redcare Pharmacy has a 12-month low of $3.59 and a 12-month high of $12.60. The firm has a fifty day moving average of $6.18 and a 200-day moving average of $6.53.

Redcare Pharmacy Company Profile

Redcare Pharmacy NV operates in online pharmacy business in the Netherlands, Germany, Italy, Belgium, Switzerland, Austria, and France. It provides prescription and non-prescription over-the-counter pharmaceuticals, beauty and personal care products, and food supplements. The company was formerly known as Shop Apotheke Europe N.V. and changed its name to Redcare Pharmacy NV in June 2023. Redcare Pharmacy NV was founded in 2001 and is headquartered in Sevenum, the Netherlands.