Short Interest in Tecan Group AG (OTCMKTS:TCHBF) Drops By 20.2%

Tecan Group AG (OTCMKTS:TCHBF) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 42,400 shares, a decrease of 20.2% from the October 15th total of 53,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 424.0 days.

Tecan Group Stock Performance

OTCMKTS TCHBF opened at $277.00 on Friday. The stock’s 50 day simple moving average is $304.02 and its 200 day simple moving average is $361.43. Tecan Group has a one year low of $277.00 and a one year high of $340.27.

About Tecan Group

Tecan Group AG provides laboratory instruments and solutions for pharmaceutical, biotechnology and in-vitro diagnostic companies, university research departments, and diagnostic and other laboratories. It operates through Life Sciences Business and Partnering Business segments. The company offers liquid handling and automation, microplate readers and washers, consumables, NGS reagents, immunoassays and antibodies, and software; and Tecan Labwerx, an automation solution.