Short Interest in Gerresheimer AG (OTCMKTS:GRRMF) Declines By 9.1%

Gerresheimer AG (OTCMKTS:GRRMF) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 205,100 shares, a drop of 9.1% from the August 31st total of 225,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 2,051.0 days.

Gerresheimer Price Performance

Shares of Gerresheimer stock remained flat at $114.50 during trading hours on Friday. Gerresheimer has a 1 year low of $91.00 and a 1 year high of $117.47. The stock’s 50-day moving average is $108.30 and its two-hundred day moving average is $107.03.

Gerresheimer Company Profile

Gerresheimer AG, together with its subsidiaries, manufactures and sells medicine packaging, drug delivery devices, and solutions in Germany and internationally. It operates through three divisions: Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The company offers prefillable syringes, plastic and glass packaging solutions, vials, glass cartridges and ampoules, bottles and containers, and glass bottles and jars, as well as caps, closures, applicators, and accessories; development, industrialization and contract manufacturing of drug delivery programs; project and quality management; and drug delivery systems, including inhalers, injection/auto injectors, pen injectors, infusion systems, and inhalation assessment, autoinjector, and other services.