Meyer Burger Technology AG (OTCMKTS:MYBUF – Get Rating) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 37,625,200 shares, a growth of 28.7% from the February 13th total of 29,245,000 shares. Based on an average daily trading volume, of 25,600 shares, the short-interest ratio is currently 1,469.7 days.
Meyer Burger Technology Stock Up 1.0 %
Shares of MYBUF traded up $0.01 during trading hours on Tuesday, hitting $0.65. The company had a trading volume of 6,500 shares, compared to its average volume of 22,779. The stock's 50 day moving average price is $0.67 and its 200 day moving average price is $0.56. Meyer Burger Technology has a 52-week low of $0.36 and a 52-week high of $0.78.
Get Meyer Burger Technology alerts:Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Meyer Burger Technology in a research note on Sunday, February 5th. They set a "buy" rating for the company. Jefferies Financial Group assumed coverage on Meyer Burger Technology in a research note on Thursday, November 17th. They set a "buy" rating for the company. Finally, BNP Paribas lowered Meyer Burger Technology from an "outperform" rating to a "neutral" rating in a research note on Monday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $0.52.
About Meyer Burger Technology
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Meyer Burger Technology AG engages in the development of systems and production equipment for the solar photovoltaic market. It operates through the following segments: Modules, Photovoltaics, and Specialized Technologies. The Modules segment manufactures solar cells and modules. The Photovoltaics segment includes the processing of solar cells, solar modules and solar systems with its portfolio of systems, production equipment and services.
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