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

Bechtle AG (OTCMKTS:BECTY) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,400 shares, an increase of 385.7% from the March 31st total of 700 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 2.4 days.

Bechtle Price Performance

Shares of BECTY stock remained flat at $9.94 during trading on Friday. The company’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $9.93. Bechtle has a one year low of $7.86 and a one year high of $11.19.

Bechtle Company Profile

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation.