Nordex SE (OTCMKTS:NRDXF – Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 808,126 shares, a decline of 37.5% from the February 12th total of 1,293,125 shares. Based on an average daily volume of 105 shares, the days-to-cover ratio is presently 7,696.4 days. Based on an average daily volume of 105 shares, the days-to-cover ratio is presently 7,696.4 days.
Wall Street Analyst Weigh In
NRDXF has been the topic of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a report on Wednesday, February 25th. Royal Bank Of Canada restated an “underperform” rating on shares of Nordex in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Nordex currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on NRDXF
Nordex Stock Performance
Nordex Company Profile
Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.
In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.
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