Short Interest in Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFY) Drops By 79.0%

Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFY – Get Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 7,000 shares, a decrease of 79.0% from the March 31st total of 33,300 shares. Based on an average trading volume of 298,500 shares, the days-to-cover ratio is currently 0.0 days.

OTCMKTS:BDRFY opened at $20.22 on Friday. The stock has a 50 day simple moving average of $20.12 and a 200 day simple moving average of $20.52. Beiersdorf Aktiengesellschaft has a 1-year low of $17.25 and a 1-year high of $25.36.

The company also recently disclosed a dividend, which will be paid on Friday, May 6th. Shareholders of record on Wednesday, April 20th will be given a dividend of $0.1001 per share. This represents a yield of 0.49%. The ex-dividend date is Tuesday, April 19th.

A number of research analysts recently weighed in on the stock. HSBC raised shares of Beiersdorf Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Friday, January 21st. Berenberg Bank reduced their price target on Beiersdorf Aktiengesellschaft from €110.00 ($118.28) to €106.00 ($113.98) and set a “buy” rating for the company in a research report on Thursday, March 3rd. Credit Suisse Group initiated coverage on Beiersdorf Aktiengesellschaft in a research note on Thursday, February 3rd. They issued an “outperform” rating for the company. UBS Group upped their price objective on Beiersdorf Aktiengesellschaft from €85.00 ($91.40) to €88.00 ($94.62) in a research note on Tuesday, January 18th. Finally, Morgan Stanley raised their target price on shares of Beiersdorf Aktiengesellschaft from €85.00 ($91.40) to €88.00 ($94.62) in a research note on Wednesday, January 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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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