Short Interest in Tecan Group AG (OTCMKTS:TCHBF) Drops By 42.7%

Tecan Group AG (OTCMKTS:TCHBF) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 67,600 shares, a drop of 42.7% from the February 28th total of 118,000 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 18.3 days.

Tecan Group Price Performance

Tecan Group stock opened at $202.52 on Monday. The firm has a 50-day moving average of $210.39 and a two-hundred day moving average of $252.27. Tecan Group has a 1 year low of $202.52 and a 1 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.