Short Interest in Ontex Group NV (OTCMKTS:ONXXF) Declines By 25.5%

Ontex Group NV (OTCMKTS:ONXXFGet Rating) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 213,300 shares, a drop of 25.5% from the March 15th total of 286,500 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

ONXXF has been the subject of several recent research reports. UBS Group reduced their price target on shares of Ontex Group from €12.00 ($13.04) to €11.50 ($12.50) and set a “buy” rating for the company in a report on Thursday, February 24th. JPMorgan Chase & Co. reduced their price target on shares of Ontex Group from €7.50 ($8.15) to €6.00 ($6.52) and set a “neutral” rating for the company in a report on Friday, February 25th.

Shares of Ontex Group stock opened at $7.26 on Friday. The firm’s 50 day moving average price is $7.57 and its 200-day moving average price is $8.83. Ontex Group has a 52-week low of $6.67 and a 52-week high of $11.30.

About Ontex Group (Get Rating)

Ontex Group NV provides personal hygiene solutions for baby, feminine, and adult care in Western Europe, Eastern Europe, the Americas, Mexico, the United Kingdom, Italy, France, and internationally. The company offers baby care products, such as baby diapers and pants, and wet wipes; feminine care products, including sanitary towels, panty liners, and tampons; and adult incontinence products comprising adult pants and diapers, incontinence towels, and bed protection products, as well as produces and sells face masks.

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