BELIMO Holding AG (OTCMKTS:BLHWF) Sees Significant Increase in Short Interest

BELIMO Holding AG (OTCMKTS:BLHWF) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 16,200 shares, an increase of 65.3% from the August 15th total of 9,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 162.0 days. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 162.0 days.

BELIMO Price Performance

OTCMKTS:BLHWF opened at $1,174.91 on Monday. The business’s 50 day moving average is $1,124.05 and its two-hundred day moving average is $919.75. BELIMO has a 52 week low of $654.84 and a 52 week high of $1,174.91.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered BELIMO from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, BELIMO presently has an average rating of “Sell”.

About BELIMO

BELIMO Holding AG, together with its subsidiaries, develops, produces, distributes, and sells damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning systems in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It offers HVAC damper actuators, including non fail-safe and fail safe actuators; fast running and linear actuators; fire damper and smoke control actuators; variable air volume; valve actuators; actuators for harsh environmental conditions; and damper actuator accessories.