Short Interest in BELIMO Holding AG (OTCMKTS:BLHWF) Expands By 8.9%

BELIMO Holding AG (OTCMKTS:BLHWF – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 25,600 shares, an increase of 8.9% from the December 15th total of 23,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 256.0 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price objective on shares of BELIMO from CHF 535 to CHF 540 and gave the company a “buy” rating in a report on Friday.

BELIMO Stock Performance

Shares of OTCMKTS BLHWF opened at $473.26 on Tuesday. BELIMO has a 1-year low of $473.26 and a 1-year high of $473.26. The firm’s 50-day moving average price is $395.90 and its 200-day moving average price is $354.72.

BELIMO Company Profile

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BELIMO Holding AG engages in the development, production, and marketing of actuator solutions for controlling heating, ventilation, and air conditioning systems. It operates through the following reportable segments: Europe, Americas, Asia Pacific, and Shared Services. The Europe, Americas, AsiaPacific segments engages in the distribution and sale of Belimo products.