Sartorius Stedim Biotech S.A. (OTCMKTS:SDMHF) Sees Large Drop in Short Interest

Sartorius Stedim Biotech S.A. (OTCMKTS:SDMHF) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 8,300 shares, a decline of 23.9% from the February 28th total of 10,900 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is currently 1.3 days.

Sartorius Stedim Biotech Price Performance

Shares of Sartorius Stedim Biotech stock remained flat at $204.04 on Tuesday. The company has a 50-day simple moving average of $213.76 and a 200 day simple moving average of $203.09. Sartorius Stedim Biotech has a twelve month low of $158.00 and a twelve month high of $280.70.

About Sartorius Stedim Biotech

Sartorius Stedim Biotech SA engages in the production and sale of instruments and consumables for the biopharmaceutical industry worldwide. The company offers various products, such as cell lines; cell culture media; bioreactors; advanced therapies; and a range of products for separation, purification, and concentration processes, as well as products and systems for storage and transportation of intermediate and finished biological products.