Short Interest in Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY) Expands By 196.2%

Key Points

• Avolta AG experienced a significant increase in short interest, rising by 196.2% from July to August, with a total of 62,500 shares shorted.
• On August 7th, BNP Paribas upgraded Avolta's rating from "hold" to "strong-buy," contributing to a consensus rating of "Strong Buy" for the stock.
• The stock saw a slight increase of 1.1% on Thursday, trading at $5.52, with a 52-week range of $3.57 to $5.85.

Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY - Get Free Report) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 62,500 shares, agrowthof196.2% from the July 31st total of 21,100 shares. Based on an average daily trading volume, of 719,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 719,800 shares, the days-to-cover ratio is presently 0.1 days.

Avolta Price Performance

OTCMKTS:DUFRY traded up $0.05 during trading hours on Friday, reaching $5.55. 34,993 shares of the company were exchanged, compared to its average volume of 43,941. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.37 and a current ratio of 0.69. Avolta has a 52-week low of $3.57 and a 52-week high of $5.85. The stock has a 50 day simple moving average of $5.48 and a 200 day simple moving average of $4.99.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded shares of Avolta from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Strong 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.