Straumann Holding AG (OTCMKTS:SAUHY) Sees Significant Increase in Short Interest

Key Points

• Straumann Holding AG experienced a 103.3% increase in short interest in July, with total shares short rising from 15,100 to 30,700.
• Wells Fargo upgraded Straumann's stock to a "strong-buy" rating, indicating analyst confidence in the company's future performance.
• The stock opened at $12.76, reflecting a 5.7% increase as it trades between a 12-month low of $10.30 and a high of $16.90.

Straumann Holding AG (OTCMKTS:SAUHY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 30,700 shares, agrowthof103.3% from the June 30th total of 15,100 shares. Based on an average daily trading volume, of 138,700 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 138,700 shares, the short-interest ratio is currently 0.2 days.

Straumann Stock Performance

Shares of OTCMKTS:SAUHY remained flat at $12.60 during trading hours on Wednesday. 51,590 shares of the company's stock traded hands, compared to its average volume of 82,028. The firm has a fifty day moving average price of $13.04 and a two-hundred day moving average price of $13.01. Straumann has a 12 month low of $10.30 and a 12 month high of $16.90.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised shares of Straumann to a "strong-buy" rating in a report on Wednesday, April 9th.

Straumann Company Profile

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.