Thu Sep 19 06:13:35 UTC 2024: ## Beiersdorf Aktiengesellschaft Sees Short Interest Decline in August
**Frankfurt, Germany – September 19, 2024** – Beiersdorf Aktiengesellschaft, the German multinational personal care company known for brands like Nivea, saw a significant decrease in short interest during August, according to data released by MarketBeat News.
As of August 31st, short interest in the company’s shares, traded on the OTC market under the ticker symbol BDRFF, stood at 105,400 shares, a decrease of 8.2% from the August 15th total of 114,800 shares. This drop suggests a potential increase in investor confidence in the company.
The short-interest ratio, calculated by dividing short interest by average daily trading volume, currently stands at 1,054.0 days. This indicates that it would take over 1,000 days to cover all outstanding short positions based on current trading volume.
Shares of Beiersdorf Aktiengesellschaft opened at $140.25 on Thursday, with a 50-day moving average price of $141.49 and a 200-day moving average price of $146.73. The company’s 52-week low is $128.32 and its 52-week high is $162.19.
This development follows reports of similar declines in short interest for other companies including ASSA ABLOY AB (publ) and Swedish Orphan Biovitrum AB (publ).
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