Varta AG (OTCMKTS:VARTY) Short Interest Up 500.0% in March

Varta AG (OTCMKTS:VARTY) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,200 shares, an increase of 500.0% from the February 29th total of 200 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 6.0 days.

Varta Price Performance

VARTY stock remained flat at C$1.65 during midday trading on Friday. Varta has a 12-month low of C$1.56 and a 12-month high of C$2.97. The stock’s 50 day simple moving average is C$1.77 and its 200-day simple moving average is C$2.00.

About Varta

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.