Short Interest in DocMorris AG (OTCMKTS:ZRSEF) Increases By 724.0%

DocMorris AG (OTCMKTS:ZRSEF) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 643,190 shares, a growth of 724.0% from the June 30th total of 78,057 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ZRSEF shares. UBS Group raised DocMorris from a “sell” rating to a “neutral” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft raised DocMorris from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

DocMorris Price Performance

Shares of ZRSEF stock opened at $7.45 on Monday. The stock’s 50-day moving average is $7.45 and its two-hundred day moving average is $7.45. DocMorris has a 1 year low of $7.45 and a 1 year high of $42.50.

About DocMorris

DocMorris is a leading European online pharmacy brand and a subsidiary of the Swiss-based Zur Rose Group (OTCMKTS:ZRSEF). Through its digital platform, the company offers mail-order dispensing of prescription medications and over-the-counter health products directly to consumers’ homes.

The company’s core services include the online sale and delivery of prescription and non-prescription drugs, health supplements, personal care items and medical devices. Leveraging its e-commerce infrastructure and proprietary pharmacy management systems, DocMorris also provides digital health solutions such as telemedicine consultations, medication management tools and mobile app-based healthcare services.

Originally launched in the early 2000s in Germany, DocMorris has expanded its reach to serve customers in multiple European countries, including the Netherlands, Belgium, Luxembourg and Switzerland.