Agfa-Gevaert NV (OTCMKTS:AFGVF) sees a significant drop in short-term interest

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Agfa-Gevaert NV (OTCMKTS:AFGVF – Get Rating) benefited from a significant drop in short interest during the month of March. As of March 31, there was short interest totaling 11,000 shares, down 50.0% from the total of 22,000 shares as of March 15. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Separately, Kepler Capital Markets initiated a hedge on Agfa-Gevaert shares in a Thursday, April 7 report. They set a “buy” rating on the stock.

OTCMKTS: AFGVF opened at 3:55 a.m. Friday. Agfa-Gevaert has a 12-month low of 3.55 and a 12-month high of 4.27.

About Agfa-Gevaert (Get a rating)

Agfa-Gevaert NV develops, produces and distributes various analog and digital imaging systems and IT solutions worldwide. The Company’s Offset Solutions segment provides commercial, newspaper and packaging printers; integrated prepress and printing solutions, including computer-to-plate systems using digital offset printing plates, press room supplies and software for commercial, newspaper and packaging printers; and security printing software solutions.

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