SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Up 105.1% in April

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 3,360 shares, an increase of 105.1% from the April 15th total of 1,638 shares. Based on an average daily volume of 12 shares, the days-to-cover ratio is currently 280.0 days.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating on shares of SGL Carbon in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a report on Tuesday, February 24th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

SGL Carbon Trading Down 5.3%

SGLFF stock traded down $0.31 during mid-day trading on Friday, reaching $5.50. The company’s stock had a trading volume of 481 shares, compared to its average volume of 2,110. The business’s 50 day moving average price is $4.44 and its 200 day moving average price is $4.22. SGL Carbon has a 12 month low of $3.00 and a 12 month high of $5.81.

About SGL Carbon

SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.