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

(Get Rating)

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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