Varta AG (OTCMKTS:VARGF) Sees Significant Drop in Short Interest

Varta AG (OTCMKTS:VARGF) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 9,500 shares, a decrease of 75.1% from the December 31st total of 38,200 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Varta Price Performance

OTCMKTS VARGF remained flat at $20.20 during mid-day trading on Wednesday. Varta has a one year low of $20.20 and a one year high of $20.20. The business’s 50 day moving average price is $20.20 and its 200-day moving average price is $20.20.

Varta Company Profile

Varta AG, through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally. It operates in five segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Other.