Short Interest in Gerresheimer AG (OTCMKTS:GRRMF) Drops By 9.5%

Gerresheimer AG (OTCMKTS:GRRMF) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 131,200 shares, a decline of 9.5% from the May 15th total of 144,900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1,312.0 days.

Gerresheimer Stock Performance

Shares of GRRMF opened at $102.50 on Tuesday. Gerresheimer has a 52 week low of $91.00 and a 52 week high of $130.00. The firm’s 50-day simple moving average is $105.27 and its 200 day simple moving average is $103.86.

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.