Short Interest in dormakaba Holding AG (OTCMKTS:DRRKF) Drops By 22.7%

dormakaba Holding AG (OTCMKTS:DRRKFGet Rating) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 3,400 shares, a decrease of 22.7% from the March 15th total of 4,400 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Several brokerages have recently weighed in on DRRKF. Societe Generale lowered dormakaba from a “hold” rating to a “sell” rating in a research report on Thursday, January 20th. Credit Suisse Group reduced their price target on dormakaba from CHF 744 to CHF 677 in a report on Monday, March 14th. Finally, Oddo Bhf cut dormakaba from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 23rd.

Shares of OTCMKTS DRRKF remained flat at $$467.00 on Monday. dormakaba has a 1 year low of $467.00 and a 1 year high of $467.00. The stock has a 50-day moving average price of $654.20 and a 200 day moving average price of $667.68.

dormakaba Company Profile (Get Rating)

dormakaba Holding AG provides access and security solutions worldwide. The company operates through Access Solutions AMER, Access Solutions APAC, Access Solutions DACH, Access Solutions EMEA, and Key?&?Wall Solutions segments. It offers door hardware products, such as door closer systems, door locks, and escape route systems; and entrance systems, including sliding, revolving, swing doors, as well as sensor barriers and personal interlocks.

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