Thule Group AB (publ) (OTCMKTS:THUPY) Sees Large Drop in Short Interest

Thule Group AB (publ) (OTCMKTS:THUPY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 603 shares, a drop of 73.1% from the September 30th total of 2,238 shares. Based on an average trading volume of 319 shares, the days-to-cover ratio is currently 1.9 days.

Thule Group AB (publ) Price Performance

Shares of OTCMKTS THUPY opened at $9.38 on Wednesday. The stock has a fifty day moving average price of $10.06 and a two-hundred day moving average price of $11.20. Thule Group AB has a 1 year low of $9.18 and a 1 year high of $13.53.

About Thule Group AB (publ)

Thule Group AB (publ) is a Sweden-based company that develops and sells products designed to help people transport and enjoy outdoor equipment, luggage, children and pets. Its principal brand, Thule, offers roof racks, roof boxes, bike carriers, hitch-mounted carriers, water-sports carriers and other vehicle-access products.

The company also markets products for active families and outdoor enthusiasts, including child bike trailers, jogging strollers, multisport trailers, backpacks, luggage, duffel bags and other travel and everyday-carry products.