Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFY) Sees Large Growth in Short Interest

Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 59,276 shares, a growth of 606.8% from the September 30th total of 8,387 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 246,188 shares, the days-to-cover ratio is presently 0.2 days.

Beiersdorf Aktiengesellschaft Stock Down 1.4%

Shares of BDRFY opened at $18.60 on Tuesday. The firm’s 50 day moving average price is $17.81 and its 200 day moving average price is $18.73. Beiersdorf Aktiengesellschaft has a twelve month low of $15.55 and a twelve month high of $25.98.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Beiersdorf Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Beiersdorf Aktiengesellschaft

Beiersdorf Aktiengesellschaft is a Germany-based consumer goods company headquartered in Hamburg. Founded in 1882, the company develops, manufactures and markets skin care, personal care and adhesive products for consumers and professional customers worldwide.

Its best-known brand is NIVEA, which offers facial care, body care, sun protection, deodorants and other skin care products. Beiersdorf also owns or markets brands including Eucerin, La Prairie, Aquaphor, Hansaplast and Coppertone, serving a range of mass-market, dermatological and premium skin care segments.

Through its tesa business, Beiersdorf supplies self-adhesive products and solutions for consumers, tradespeople and industrial customers.