Schaeffler AG (OTCMKTS:SFFLY – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 5,473 shares, a growth of 81.3% from the September 15th total of 3,019 shares. Based on an average daily volume of 3,895 shares, the days-to-cover ratio is presently 1.4 days.
Schaeffler Price Performance
Shares of Schaeffler stock opened at $6.48 on Friday. The firm’s fifty day simple moving average is $8.06 and its 200-day simple moving average is $9.31. Schaeffler has a 12 month low of $6.29 and a 12 month high of $14.44.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Schaeffler to a “hold” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on SFFLY
Schaeffler Company Profile
Schaeffler AG is a Germany-based global supplier of automotive and industrial components and systems. The company develops and manufactures rolling and plain bearings, precision components, drivetrain technologies, and related products used in vehicles, machinery, wind turbines, aerospace applications, and other industrial equipment.
In the automotive sector, Schaeffler provides products for engines, transmissions, chassis, and vehicle electrification, including hybrid and electric-drive components.
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