Avolta AG – Unsponsored ADR (OTCMKTS:DUFRY) Sees Large Decline in Short Interest

Avolta AG – Unsponsored ADR (OTCMKTS:DUFRY) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 35,360 shares, a drop of 77.7% from the April 15th total of 158,919 shares. Based on an average daily volume of 133,695 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Avolta Stock Performance

Avolta stock traded down $0.06 during mid-day trading on Wednesday, hitting $5.58. The company’s stock had a trading volume of 25,951 shares, compared to its average volume of 60,948. The firm’s 50 day moving average is $5.99 and its 200 day moving average is $5.89. The company has a quick ratio of 0.38, a current ratio of 0.68 and a debt-to-equity ratio of 1.47. Avolta has a 52-week low of $5.00 and a 52-week high of $6.78.

Analysts Set New Price Targets

Separately, UBS Group lowered Avolta from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Avolta

Avolta AG operates as a travel retailer. The company’s retail brands include general travel retail shops under the Dufry, World Duty Free, Nuance, Hellenic Duty Free, Zurich Duty-Free or Stockholm Duty-Free, Autogrill, and HMSHost brands; Dufry shopping stores; brand boutiques; convenience stores primarily under the Hudson brand; and specialized shops and theme stores. It offers perfumes and cosmetics, food and confectionery, wines and spirits, watches and jewelry, fashion and leather, tobacco goods, souvenirs, electronics, soft drinks, packaged food, travel accessories, personal items, sunglasses, destination, and other products, as well as newspapers, magazines, and books.