NORMA Group SE (OTCMKTS:NOEJF) Sees Large Drop in Short Interest

NORMA Group SE (OTCMKTS:NOEJF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 615 shares, a decline of 67.0% from the September 30th total of 1,866 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

NORMA Group Stock Performance

NOEJF remained flat at $16.43 on Friday. NORMA Group has a 12 month low of $16.43 and a 12 month high of $17.11. The company has a 50 day simple moving average of $16.79 and a two-hundred day simple moving average of $16.87.

About NORMA Group

NORMA Group SE is a Germany-based manufacturer of engineered joining and fluid-handling technologies. The company develops and produces clamps, connectors, couplings, fluid-management components and related systems used to control, connect and secure pipes, hoses and other components.

Its products serve a range of markets, including automotive and transportation, water management, industrial manufacturing, infrastructure, agriculture and other applications requiring reliable fluid and thermal-management solutions.