Fagron NV (OTCMKTS:ARSUF) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 600 shares, a decrease of 53.8% from the December 15th total of 1,300 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 3.0 days.
OTCMKTS ARSUF opened at $16.60 on Friday. The stock’s 50-day moving average price is $16.98 and its 200-day moving average price is $19.22. Fagron has a 52 week low of $15.55 and a 52 week high of $21.72.
Separately, Berenberg Bank reissued a “buy” rating on shares of Fagron in a report on Tuesday, November 9th.
Fagron NV, a pharmaceutical compounding company, provides personalized pharmaceutical care to hospitals, pharmacies, clinics, and patients. It prepares personalized ready-to-use medication in its sterile and non-sterile compounding facilities. The company also innovates concepts, vehicles, and formulations for pharmaceutical compounding.
Further Reading: Straddles
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