Gerresheimer AG (OTCMKTS:GRRMF) Sees Significant Drop in Short Interest

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Gerresheimer AG (OTCMKTS:GRRMF) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 60,700 shares, a decrease of 56.2% from the December 15th total of 138,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 607.0 days.

Separately, DZ Bank reissued a “sell” rating on shares of Gerresheimer in a report on Monday, October 19th.

Shares of GRRMF remained flat at $$106.90 during trading hours on Wednesday. Gerresheimer has a 1-year low of $71.41 and a 1-year high of $119.50. The firm has a 50 day simple moving average of $112.90 and a 200 day simple moving average of $108.65.

About Gerresheimer

Gerresheimer AG, together with its subsidiaries, manufactures and sells specialty glass and plastic products primarily for the pharma and healthcare industry worldwide. It operates through three divisions; Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The Plastics & Devices division offers drug delivery systems, including inhalers, pen systems, and injection systems; sterile and non-sterile prefillable syringe systems for the pharmaceutical and biotech industries; and disposables for various analysis systems that are used in laboratories and medical practices, quick tests for patients in medical practices or hospitals, skin-prick aids and lancets for diabetics, disposables and components for dialysis machines, and catheters and surgical devices.

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