Short Interest in Straumann Holding AG (OTCMKTS:SAUHY) Grows By 36.8%

Straumann Holding AG (OTCMKTS:SAUHYGet Rating) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,600 shares, an increase of 36.8% from the March 15th total of 1,900 shares. Based on an average daily volume of 33,600 shares, the days-to-cover ratio is currently 0.1 days.

Several brokerages have issued reports on SAUHY. Sanford C. Bernstein raised shares of Straumann from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 21st. JPMorgan Chase & Co. lowered their price objective on shares of Straumann from CHF 2,187 to CHF 2,021 and set an “overweight” rating for the company in a research report on Wednesday, February 16th. UBS Group lowered their price objective on shares of Straumann from CHF 1,875 to CHF 1,520 and set a “neutral” rating for the company in a research report on Wednesday, February 23rd. Finally, Jefferies Financial Group began coverage on shares of Straumann in a research report on Friday, March 18th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Straumann has a consensus rating of “Buy” and a consensus target price of $1,770.50.

Shares of SAUHY stock traded down $0.62 during mid-day trading on Friday, reaching $67.07. 82,227 shares of the company were exchanged, compared to its average volume of 34,464. Straumann has a fifty-two week low of $65.75 and a fifty-two week high of $114.15. The business’s 50 day simple moving average is $75.89 and its 200 day simple moving average is $91.51.

Straumann shares are set to split before the market opens on Thursday, April 28th. The 5-1 split was announced on Thursday, April 28th. The newly created shares will be payable to shareholders after the closing bell on Thursday, April 28th.

The company also recently disclosed a dividend, which will be paid on Tuesday, April 26th. Investors of record on Friday, April 8th will be paid a dividend of $0.2085 per share. This represents a yield of 0.26%. The ex-dividend date is Thursday, April 7th.

About Straumann (Get Rating)

Straumann Holding AG provides tooth replacement and orthodontic solutions worldwide. It researches, develops, manufactures, and supplies dental implants, instruments, CADCAM prosthetics, orthodontic aligners, biomaterials, and digital solutions for use in tooth correction, replacement, and restoration, as well as to prevent tooth loss.

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