adesso SE (OTCMKTS:ADSGF) Sees Significant Decrease in Short Interest

adesso SE (OTCMKTS:ADSGF) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,268 shares, a drop of 75.7% from the May 31st total of 5,219 shares. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is presently 70.4 days.

adesso Stock Performance

Shares of ADSGF stock opened at $60.00 on Friday. adesso has a fifty-two week low of $60.00 and a fifty-two week high of $73.71. The stock’s 50-day simple moving average is $92.98 and its 200-day simple moving average is $116.97.

About adesso

adesso SE, together with its subsidiaries, provides IT services in Germany, Austria, Switzerland, and internationally. It operates through two segments, IT Services and IT Solutions. The company offers industry-specific IT consulting and software development services; and distributes software products and industry-specific or industry-neutral solutions. The company provides application management, data and analytics, digital and customer experience, interaction room, IT management and organizational consulting, SmartShore, security, and other services.