Short Interest in Grenke AG (OTCMKTS:GKSGF) Expands By 9.8%

Grenke AG (OTCMKTS:GKSGF) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 558,000 shares, an increase of 9.8% from the July 31st total of 508,100 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Grenke Trading Up 23.9 %

Grenke stock opened at 35.00 on Thursday. The stock has a fifty day moving average price of 35.00 and a 200 day moving average price of 32.45. Grenke has a 52 week low of 21.56 and a 52 week high of 35.00.

Analysts Set New Price Targets

Separately, Pareto Securities raised Grenke from a “hold” rating to a “buy” rating in a research report on Friday, June 30th.

About Grenke

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, leasing, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, peripheral equipment, software, telecommunication and copier equipment, and medical devices, as well as other IT products.