Short Interest in Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY) Drops By 51.2%

Key Points

• Short interest in Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY) has decreased by 51.2% in September, falling from 16,200 to 7,900 shares.
• BNP Paribas upgraded Avolta's rating from "hold" to a "strong-buy", contributing to a consensus rating of "Strong Buy" from analysts.
• The stock is currently trading at $5.36, with a 52-week low of $3.57 and a high of $5.85.

Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 7,900 shares, a drop of 51.2% from the August 31st total of 16,200 shares. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, BNP Paribas raised shares of Avolta from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Avolta presently has a consensus rating of "Strong Buy".

Avolta Trading Down 0.4%

Shares of OTCMKTS:DUFRY traded down $0.02 during trading on Friday, reaching $5.36. The stock had a trading volume of 30,292 shares, compared to its average volume of 130,601. Avolta has a 52 week low of $3.57 and a 52 week high of $5.85. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 1.85. The stock has a fifty day simple moving average of $5.54 and a two-hundred day simple moving average of $5.14.

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.

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