Straumann Holding AG (OTCMKTS:SAUHY) Sees Significant Growth in Short Interest

Straumann Holding AG (OTCMKTS:SAUHY) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,000 shares, an increase of 2,900.0% from the February 28th total of 100 shares. Based on an average trading volume of 96,300 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Straumann Price Performance

SAUHY traded down $0.50 during midday trading on Thursday, hitting $12.32. 34,917 shares of the company were exchanged, compared to its average volume of 62,277. Straumann has a 1-year low of $11.83 and a 1-year high of $16.90. The company’s 50 day simple moving average is $13.71 and its 200 day simple moving average is $13.72.

Straumann Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.0291 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This is a positive change from Straumann’s previous dividend of $0.03.

Analysts Set New Price Targets

SAUHY has been the subject of several research analyst reports. Berenberg Bank upgraded Straumann to a “strong-buy” rating in a research note on Thursday, November 28th. William Blair raised shares of Straumann to a “strong-buy” rating in a research report on Friday, January 24th.

About Straumann

Straumann Holding AG provides tooth replacement and orthodontic solutions worldwide. It researches, develops, manufactures, and supplies dental implants, instruments, CADCAM prosthetics, orthodontic aligners, biomaterials, and digital solutions for use in tooth correction, replacement, and restoration, as well as to prevent tooth loss.