Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) Sees Significant Increase in Short Interest

Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 711,200 shares, a growth of 88.9% from the August 31st total of 376,500 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 222.3 days. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 222.3 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Beiersdorf Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Beiersdorf Aktiengesellschaft Price Performance

BDRFF stock opened at $105.16 on Monday. Beiersdorf Aktiengesellschaft has a twelve month low of $105.16 and a twelve month high of $148.33. The stock has a 50-day simple moving average of $113.94 and a two-hundred day simple moving average of $126.07.

About Beiersdorf Aktiengesellschaft

Beiersdorf Aktiengesellschaft, together with its subsidiaries, manufactures and distributes 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 solutions for industries, craft businesses, and consumers.