Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFY) Short Interest Update

Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFYGet Rating) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 33,300 shares, a growth of 909.1% from the March 15th total of 3,300 shares. Based on an average trading volume of 269,400 shares, the days-to-cover ratio is presently 0.1 days.

BDRFY stock traded down $0.65 during mid-day trading on Tuesday, reaching $20.35. The company had a trading volume of 88,557 shares, compared to its average volume of 151,669. Beiersdorf Aktiengesellschaft has a one year low of $17.25 and a one year high of $25.36. The stock’s 50-day simple moving average is $20.06 and its two-hundred day simple moving average is $20.69.

BDRFY has been the topic of several research analyst reports. Berenberg Bank dropped their target price on shares of Beiersdorf Aktiengesellschaft from €110.00 ($119.57) to €106.00 ($115.22) and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Morgan Stanley lifted their target price on shares of Beiersdorf Aktiengesellschaft from €85.00 ($92.39) to €88.00 ($95.65) in a research note on Wednesday, January 5th. UBS Group lifted their price target on shares of Beiersdorf Aktiengesellschaft from €85.00 ($92.39) to €88.00 ($95.65) in a research report on Tuesday, January 18th. Credit Suisse Group began coverage on shares of Beiersdorf Aktiengesellschaft in a report on Thursday, February 3rd. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Beiersdorf Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Tuesday, January 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $94.00.

About Beiersdorf Aktiengesellschaft (Get Rating)

Beiersdorf Aktiengesellschaft engages in the manufacture and distribution of consumer goods in Europe, the Americas, Africa, Asia, and Australia. It operates in two segments, Consumer Business and Tesa Business. The Consumer Business Segment offers skin and body care products. The Tesa Business segment provides adhesive tapes and self-adhesive products and system solutions for industries, craft businesses, and consumers.

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