Schaeffler AG (OTCMKTS:SFFLY) Short Interest Down 64.9% in July

Schaeffler AG (OTCMKTS:SFFLY) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,384 shares, a decrease of 64.9% from the June 30th total of 9,632 shares. Based on an average daily trading volume, of 18,291 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Schaeffler to a “hold” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Schaeffler Stock Performance

OTCMKTS:SFFLY opened at $9.04 on Tuesday. The stock’s 50 day moving average price is $10.39 and its two-hundred day moving average price is $10.49. Schaeffler has a 12-month low of $5.50 and a 12-month high of $14.44.

About Schaeffler

Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.

In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.