Short Interest in Straumann Holding AG (OTCMKTS:SAUHY) Grows By 103.3%

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) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 30,700 shares, anincreaseof103.3% from the June 30th total of 15,100 shares. Based on an average daily volume of 138,700 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 138,700 shares, the short-interest ratio is currently 0.2 days.

Straumann Stock Performance

OTCMKTS:SAUHY traded down $0.12 on Friday, hitting $12.44. 402,037 shares of the stock were exchanged, compared to its average volume of 88,491. The stock has a fifty day moving average of $13.03 and a 200-day moving average of $13.00. Straumann has a fifty-two week low of $10.30 and a fifty-two week high of $16.90.

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.