Nordex SE (OTCMKTS:NRDXF) Short Interest Down 58.6% in April

Nordex SE (OTCMKTS:NRDXF) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 281,224 shares, a decline of 58.6% from the April 15th total of 679,452 shares. Based on an average daily volume of 566 shares, the days-to-cover ratio is currently 496.9 days.

Nordex Price Performance

Shares of OTCMKTS:NRDXF opened at $55.20 on Friday. Nordex has a 52-week low of $18.83 and a 52-week high of $56.80. The company has a 50 day moving average of $52.70 and a two-hundred day moving average of $41.56.

Analyst Upgrades and Downgrades

NRDXF has been the subject of several recent research reports. Citigroup reaffirmed a “neutral” rating on shares of Nordex in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordex in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Nordex currently has a consensus rating of “Hold”.

About Nordex

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.