Meyer Burger Technology AG (OTCMKTS:MYBUF – Get Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 25,091,600 shares, a drop of 38.6% from the April 30th 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 up $0.03 during trading hours on Friday, hitting $0.47. 34,355 shares of the company were exchanged, compared to its average volume of 31,239. Meyer Burger Technology has a one year low of $0.29 and a one year high of $0.64. The business’s 50-day simple moving average is $0.45 and its two-hundred day simple moving average is $0.44.
MYBUF has been the subject of several 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 reduced 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.
Meyer Burger Technology Company Profile (Get Rating)
Meyer Burger Technology AG, a technology company, produces and sells solar cells and modules primarily in Switzerland. It operates through Photovoltaics and Modules segments. The company offers its products based on proprietary Heterojunction/SmartWire technologies. It also operates in Switzerland, Germany, rest of Europe, Asia, the United States, and internationally.
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