Bachem Holding AG (OTCMKTS:BCHMF) Sees Large Growth in Short Interest

Bachem Holding AG (OTCMKTS:BCHMF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 302,300 shares, a growth of 5.4% from the August 15th total of 286,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 3,023.0 days.

Bachem Stock Performance

Shares of OTCMKTS:BCHMF opened at $91.77 on Wednesday. Bachem has a 12-month low of $87.51 and a 12-month high of $97.06. The company’s 50 day moving average price is $90.18 and its two-hundred day moving average price is $88.89.

Bachem Company Profile

Bachem Holding AG, together with its subsidiaries, provides products for research, clinical development, and commercial application to pharmaceutical and biotechnology companies worldwide. The company engages in the development, production, and regulatory support of peptide active pharmaceutical ingredients, such as peptide and oligonucleotide new chemical entities (NCEs).