Straumann Holding AG (OTCMKTS:SAUHY) Shares Shorted: Short Interest Up 3,762.9% in October

Straumann Holding AG (OTCMKTS:SAUHY) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,042,331 shares, a growth of 3,762.9% from the October 15th total of 26,983 shares. Based on an average trading volume of 998,921 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s shares are short sold.

Straumann Stock Up 0.5%

OTCMKTS SAUHY opened at $12.94 on Wednesday. The business has a 50 day simple moving average of $11.59 and a 200 day simple moving average of $11.67. Straumann has a one year low of $9.44 and a one year high of $13.61.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAUHY. Berenberg Bank raised shares of Straumann to a “strong-buy” rating in a research note on Thursday, September 17th. The Goldman Sachs Group raised shares of Straumann from a “neutral” rating to a “buy” rating in a research note on Monday, September 14th. Citigroup restated a “sell” rating on shares of Straumann in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft downgraded Straumann from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Finally, UBS Group raised Straumann from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Straumann Company Profile

Straumann Group is a Swiss dental technology company that develops and supplies products and services for tooth replacement and oral tissue regeneration. Its offerings include dental implant systems, prosthetic components, biomaterials and related solutions used by dental professionals and laboratories. The company also provides digital dentistry technologies and services, including tools for treatment planning and dental restoration, as well as orthodontic products such as clear aligners through its ClearCorrect brand.