SAP SE ADRhedged (NYSEARCA:SAPH – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,183 shares, an increase of 810.0% from the September 15th total of 130 shares. Approximately 11.8% of the company’s shares are short sold. Based on an average daily volume of 655 shares, the days-to-cover ratio is currently 1.8 days.
Hedge Funds Weigh In On SAP SE ADRhedged
A hedge fund recently bought a new stake in SAP SE ADRhedged stock. Madison Asset Management LLC purchased a new stake in SAP SE ADRhedged (NYSEARCA:SAPH – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,686 shares of the company’s stock, valued at approximately $1,955,000. Madison Asset Management LLC owned 126.86% of SAP SE ADRhedged as of its most recent SEC filing.
SAP SE ADRhedged Stock Up 1.2%
NYSEARCA:SAPH traded up $0.49 during trading hours on Friday, hitting $40.57. The stock had a trading volume of 445 shares, compared to its average volume of 561. SAP SE ADRhedged has a one year low of $27.49 and a one year high of $51.57. The business’s 50 day moving average is $38.74 and its 200-day moving average is $33.95.
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