Redcare Pharmacy NV (OTCMKTS:SAEYY) Short Interest Up 5,000.0% in June

Redcare Pharmacy NV (OTCMKTS:SAEYY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 102 shares, a growth of 5,000.0% from the May 31st total of 2 shares. Based on an average daily volume of 9 shares, the days-to-cover ratio is presently 11.3 days.

Redcare Pharmacy Price Performance

SAEYY remained flat at $7.55 during midday trading on Thursday. The stock has a fifty day moving average of $6.08 and a 200 day moving average of $6.52. Redcare Pharmacy has a 1-year low of $3.59 and a 1-year high of $12.60.

Wall Street Analyst Weigh In

Several research firms recently commented on SAEYY. Barclays reaffirmed an “overweight” rating on shares of Redcare Pharmacy in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Redcare Pharmacy in a research note on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Redcare Pharmacy

Redcare Pharmacy NV operates in online pharmacy business in the Netherlands, Germany, Italy, Belgium, Switzerland, Austria, and France. It provides prescription and non-prescription over-the-counter pharmaceuticals, beauty and personal care products, and food supplements. The company was formerly known as Shop Apotheke Europe N.V. and changed its name to Redcare Pharmacy NV in June 2023. Redcare Pharmacy NV was founded in 2001 and is headquartered in Sevenum, the Netherlands.