Meyer Burger Technology AG (OTCMKTS:MYBUF) Short Interest Update

 Meyer Burger Technology AG (OTCMKTS:MYBUF) Short Interest Update

Meyer Burger Technology AG (OTCMKTS: MYBUF – Get Rating) saw a significant decline in short -term interest in May. As of May 15, there was short-term interest at 25,091,600 shares, a decrease of 38.6% from April 30’s total of 40,895,200 shares. Based on an average trading volume of 126,000 shares, the short-interest ratio is currently 199.1 days.

Shares of MYBUF stock traded at $ 0.03 in trading hours on Friday, hitting $ 0.47. 34,355 shares of the company were exchanged, compared to its average number of 31,239. Meyer Burger Technology has a one -year low of $ 0.29 and a one -year high of $ 0.64. The 50 day simple business moving average is $ 0.45 and the two hundred day simple business moving average is $ 0.44.

MYBUF has been the subject of many recent analyst reports. UBS Group downgraded Meyer Burger Technology from a “buy” rating to a “neutral” rating in a research note on Thursday, May 12th. Credit Suisse Group lowered their price target on shares of Meyer Burger Technology from CHF 0.28 to CHF 0.26 and set an “underperform” rating on the stock in a research report on Monday, May 9th.

Company Profile of Meyer Burger Technology (Get a Rating)

Meyer Burger Technology AG, a technology company, manufactures and sells solar cells and modules primarily in Switzerland. It operates through Photovoltaics features and Modules. The company offers its products based on proprietary Heterojunction/SmartWire technologies. It also operates in Switzerland, Germany, other parts of Europe, Asia, the United States, and internationally.

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