Straumann Holding AG (OTCMKTS:SAUHY) Sees Large Growth in Short Interest

Key Points

• Straumann Holding AG experienced a substantial increase in short interest, with a jump of 2,000.0% in September, totaling 2,100 shares by the end of the month.
• The Goldman Sachs Group downgraded Straumann's stock rating from "strong-buy" to "neutral", while the average rating remains at "Buy" among analysts.
• As of the article's reporting, Straumann's stock traded down by 1.3% to $10.90, with a 52-week trading range between $10.30 and $15.58.

Straumann Holding AG (OTCMKTS:SAUHY - Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,100 shares, an increase of 2,000.0% from the September 15th total of 100 shares. Based on an average trading volume of 727,000 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 727,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SAUHY shares. The Goldman Sachs Group lowered shares of Straumann from a "strong-buy" rating to a "neutral" rating in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Straumann in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Straumann currently has an average rating of "Buy".

Straumann Trading Down 1.3%

OTCMKTS SAUHY traded down $0.14 during mid-day trading on Thursday, hitting $10.90. The company's stock had a trading volume of 92,851 shares, compared to its average volume of 154,997. Straumann has a 52-week low of $10.30 and a 52-week high of $15.58. The stock's fifty day simple moving average is $11.49 and its two-hundred day simple moving average is $12.26.

About Straumann

Straumann Holding AG provides tooth replacement and orthodontic solutions worldwide. It researches, develops, manufactures, and supplies dental implants, instruments, CADCAM prosthetics, orthodontic aligners, biomaterials, and digital solutions for use in tooth correction, replacement, and restoration, as well as to prevent tooth loss.

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