ElringKlinger AG (OTCMKTS:EGKLF) Sees Large Increase in Short Interest

ElringKlinger AG (OTCMKTS:EGKLF) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 6,903 shares, a growth of 108.9% from the March 31st total of 3,305 shares. Based on an average daily volume of 20 shares, the short-interest ratio is presently 345.2 days.

ElringKlinger Stock Performance

Shares of OTCMKTS EGKLF remained flat at $6.35 during midday trading on Monday. ElringKlinger has a 52-week low of $5.06 and a 52-week high of $6.35. The stock’s 50 day simple moving average is $5.40 and its 200 day simple moving average is $5.18.

ElringKlinger Company Profile

ElringKlinger AG is a Germany-based automotive supplier specializing in high-precision sealing, shielding and lightweight solutions. Founded in 1879 and headquartered in Dettingen/Erms, the company delivers core components for internal combustion engines as well as emerging technologies in e-mobility. Through an integrated portfolio of gaskets, shielding plates and plastic and metal modules, ElringKlinger supports automakers and tier-1 suppliers in optimizing engine efficiency and reducing emissions.

The company’s main product lines include multi-layer steel cylinder-head gaskets, shielding and insulation systems for exhaust gas after-treatment, and lightweight polymer and metal modules for driveline and body applications.