Bechtle AG (OTCMKTS:BECTY) Short Interest Update

Bechtle AG (OTCMKTS:BECTY) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 90 shares, a decline of 18.2% from the February 12th total of 110 shares. Based on an average daily trading volume, of 93 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 93 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bechtle in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bechtle presently has an average rating of “Buy”.

Bechtle Price Performance

Bechtle stock opened at $7.51 on Friday. Bechtle has a fifty-two week low of $7.00 and a fifty-two week high of $11.25. The stock has a fifty day moving average of $9.15 and a two-hundred day moving average of $9.27.

About Bechtle

Bechtle AG is a Europe-based provider of IT infrastructure and services, operating through two main segments: IT Systemhaus & Managed Services and IT E-commerce. In its Systemhaus division, Bechtle delivers design, implementation and support for data center solutions, network and security architectures, cloud services, managed print services and workplace management. Its E-commerce segment offers customers direct access to a broad catalogue of hardware, software and peripherals from leading global vendors via online platforms tailored to private and public sector clients.

Founded in 1983 and headquartered in Neckarsulm, Germany, Bechtle has grown organically and through acquisitions to establish a presence in more than a dozen European countries.