Short-term interest for Shop Apotheke Europe (OTCMKTS:SAEYY) drops 66.7%

Shop Apotheke Europe (OTCMKTS:SAEYY – Get Rating) was the target of a sharp decline in short-term interest in May. As of May 31, there was short interest totaling 100 shares, down 66.7% from the May 15 total of 300 shares. Based on an average trading volume of 400 shares, the short interest ratio is currently 0.3 days.

Several equity analysts have published reports on SAEYY shares. Deutsche Bank Aktiengesellschaft lowered its price target on Shop Apotheke Europe shares from €175.00 ($188.17) to €160.00 ($172.04) and set a “buy” rating on the action in a Monday June 6 research note. Baader Bank has upgraded shares of Shop Apotheke Europe to a “buy” rating and set a target price of €110.00 ($118.28) on the stock in a Thursday May 12 research note. Finally, Barclays lowered its price target on shares of Shop Apotheke Europe from €138.00 ($148.39) to €136.00 ($146.24) in a research note on Tuesday. One equity research analyst gave the stock a hold rating and seven gave the company’s stock a buy rating. Based on data from MarketBeat, Shop Apotheke Europe has a consensus rating of “Buy” and an average price target of $135.33.

Shares of OTCMKTS:SAEYY opened at $10.00 on Friday. The company’s 50-day moving average price is $9.38 and its 200-day moving average price is $11.15. Shop Apotheke Europe has a 12-month low of $7.58 and a 12-month high of $20.16.

Apotheke Europe Store Company Profile (Get a rating)

Shop Apotheke Europe NV owns and operates online pharmacies in Germany, Austria, Switzerland, France, Belgium, Italy and the Netherlands. It provides prescription drugs, over-the-counter drugs, and pharmacy-related beauty and personal care products, as well as dietary supplements. The company was founded in 2001 and is based in Sevenum, the Netherlands.

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