Is Buying BANG &amp OLUFSEN B ORD ORDINARY SHARES (OTCMKTS:BGOUF), Having Higher Short Interest a Winning Strategy?

May 17, 2018 - By Paula Hilliard

Bang & Olufsen a/s (OTCMKTS:BGOUF) Logo

The stock of BANG &amp OLUFSEN B ORD ORDINARY SHARES (OTCMKTS:BGOUF) registered an increase of 24.07% in short interest. BGOUF’s total short interest was 13,400 shares in May as published by FINRA. Its up 24.07% from 10,800 shares, reported previously. With 100 shares average volume, it will take short sellers 134 days to cover their BGOUF’s short positions. The short interest to BANG &amp OLUFSEN B ORD ORDINARY SHARES’s float is 0.05%.

It closed at $25.87 lastly. It is down 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Bang & Olufsen a/s designs, develops, and markets audio and video products in Europe, North America, China, and internationally. The company has market cap of $1.09 billion. It operates through two divisions, Bang & Olufsen and B&O PLAY. It currently has negative earnings. The firm offers televisions, music systems, loudspeakers, telephones, and multimedia products; wireless speaker systems, Bluetooth speakers, and earphones; amplifiers and sound systems; in-ceiling and in-wall speakers; and applications and accessories.

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