Bechtle AG (OTCMKTS:BECTY) Short Interest Update

Bechtle AG (OTCMKTS:BECTY) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5 shares, a drop of 98.4% from the July 15th total of 304 shares. Based on an average daily volume of 101 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bechtle in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Bechtle currently has an average rating of “Buy”.

Bechtle Price Performance

OTCMKTS BECTY opened at $9.10 on Thursday. Bechtle has a 1 year low of $6.00 and a 1 year high of $11.25. The business’s 50-day moving average is $7.70 and its 200 day moving average is $7.65.

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.