Bechtle AG (OTCMKTS:BECTY – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 23 shares, a decrease of 79.5% from the May 31st total of 112 shares. Based on an average daily volume of 305 shares, the days-to-cover ratio is presently 0.1 days.
Bechtle Trading Down 0.1%
Shares of BECTY opened at $7.19 on Friday. The stock has a fifty day moving average price of $7.37 and a two-hundred day moving average price of $8.29. Bechtle has a 52-week low of $6.00 and a 52-week high of $11.25.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Bechtle in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.
Bechtle Company Profile
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.
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