ABB Turbo Systems AG (OTCMKTS:ACLLY) Sees Large Drop in Short Interest

ABB Turbo Systems AG (OTCMKTS:ACLLYGet Rating) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 66,800 shares, a decline of 18.5% from the October 15th total of 82,000 shares. Based on an average trading volume of 195,900 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of ABB Turbo Systems in a report on Monday, October 10th. They set a “buy” rating and a CHF 22 price objective on the stock.

ABB Turbo Systems Stock Performance

Shares of ACLLY opened at 18.20 on Monday. ABB Turbo Systems has a 1 year low of 14.00 and a 1 year high of 20.85.

About ABB Turbo Systems

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ABB Turbo Systems AG focuses on manufacturing and servicing turbochargers for diesel and gas engines. The company's products are used in marine, energy, rail, and off-highway sectors. The company is based in Baden, Switzerland.

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