Short Interest in Varta AG (OTCMKTS:VARGF) Drops By 41.9%

Varta AG (OTCMKTS:VARGF) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 25,700 shares, a decrease of 41.9% from the October 31st total of 44,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 257.0 days.

Varta Stock Performance

Shares of VARGF remained flat at $20.20 during midday trading on Thursday. Varta has a 1-year low of $20.20 and a 1-year high of $20.20. The firm has a 50-day moving average of $20.20 and a 200-day moving average of $20.20.

Varta Company Profile

Varta AG, through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally. It operates in five segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Other.