Short Interest in Gerresheimer AG (OTCMKTS:GRRMF) Decreases By 63.9%

by · The Cerbat Gem

Gerresheimer AG (OTCMKTS:GRRMF – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 80,100 shares, a decline of 63.9% from the September 30th total of 222,100 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 80.1 days.

Gerresheimer Stock Performance

GRRMF stock remained flat at $90.30 during trading on Friday. Gerresheimer has a 1-year low of $82.40 and a 1-year high of $117.47. The company’s fifty day moving average is $100.93 and its two-hundred day moving average is $103.89.

Gerresheimer Company Profile

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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.

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