Traton SE (OTCMKTS:TRATF) Sees Large Drop in Short Interest

Traton SE (OTCMKTS:TRATF) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 520,102 shares, a drop of 47.0% from the July 15th total of 981,607 shares. Based on an average daily trading volume, of 47 shares, the short-interest ratio is presently 11,066.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “neutral” rating on shares of Traton in a research report on Thursday, July 23rd. One research analyst has 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, the stock has an average rating of “Hold”.

Traton Price Performance

TRATF stock opened at $42.00 on Tuesday. Traton has a 1-year low of $30.34 and a 1-year high of $46.07. The stock has a 50-day moving average price of $40.50 and a 200-day moving average price of $39.06.

About Traton

Traton SE (OTCMKTS: TRATF) is a leading global commercial vehicle manufacturer headquartered in Munich, Germany. As a subsidiary of Volkswagen AG, Traton brings together a portfolio of well-known brands, including MAN, Scania and Navistar, to design, produce and distribute trucks, buses, vans and related powertrain solutions. The company’s product range spans from light- and heavy-duty trucks to urban and intercity buses, complemented by engines for marine and industrial applications.

Established in 2015 under the name Volkswagen Truck & Bus, the business was rebranded as Traton SE in 2018 to reflect its independent corporate identity and strategic focus on mobility solutions.