Eurofins Scientific SE (OTCMKTS:ERFSF) Sees Large Increase in Short Interest

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

Eurofins Scientific Price Performance

Eurofins Scientific stock traded down $0.03 during mid-day trading on Tuesday, reaching $48.42. 1,826 shares of the company’s stock traded hands, compared to its average volume of 5,369. Eurofins Scientific has a 12-month low of $44.61 and a 12-month high of $68.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 1.34. The stock has a 50 day moving average of $53.65 and a two-hundred day moving average of $55.71.

Wall Street Analysts Forecast Growth

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

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.