Short Interest in Eurofins Scientific SE (OTCMKTS:ERFSF) Rises By 12.7%

Eurofins Scientific SE (OTCMKTS:ERFSF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 259,500 shares, an increase of 12.7% from the October 31st total of 230,200 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is currently 48.1 days.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Eurofins Scientific to a “strong-buy” rating in a research note on Monday, October 7th.

Eurofins Scientific Price Performance

Eurofins Scientific stock traded up $0.91 during midday trading on Friday, reaching $48.45. The company had a trading volume of 655 shares, compared to its average volume of 5,347. Eurofins Scientific has a 12-month low of $44.61 and a 12-month high of $68.45. The firm’s fifty day simple moving average is $53.83 and its 200-day simple moving average is $55.82. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64.

Eurofins Scientific Company Profile

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of various analytical methods and tests to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products.