Short Interest in Eurofins Scientific SE (OTCMKTS:ERFSF) Rises By 12.7%

Eurofins Scientific SE (OTCMKTS:ERFSF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 259,500 shares, a growth of 12.7% from the October 31st total of 230,200 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 48.1 days.

Eurofins Scientific Stock Performance

Shares of OTCMKTS ERFSF traded up $0.91 during midday trading on Friday, reaching $48.45. 655 shares of the stock were exchanged, compared to its average volume of 5,347. The company has a 50 day simple moving average of $53.83 and a 200 day simple moving average of $55.82. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 0.64. Eurofins Scientific has a twelve month low of $44.61 and a twelve month high of $68.45.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised shares of Eurofins Scientific to a “strong-buy” rating in a research note on Monday, October 7th.

Eurofins Scientific Company Profile

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of various analytical methods and tests to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products.