SGL Carbon SE (OTCMKTS:SGLFF) Stock Short Interest Rises 63.6%

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,969 shares, an increase of 63.6% from the September 15th total of 1,815 shares. Based on an average daily volume of 145 shares, the days-to-cover ratio is presently 20.5 days.

SGL Carbon Trading Down 0.7%

SGLFF stock opened at $6.10 on Friday. SGL Carbon has a fifty-two week low of $3.00 and a fifty-two week high of $6.14. The business’s 50 day moving average price is $5.05 and its two-hundred day moving average price is $4.98.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGL Carbon in a research note on Friday, August 7th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

SGL Carbon Company Profile

SGL Carbon SE is a Germany-based manufacturer of carbon-based materials and products. The company develops and produces graphite, carbon fibers, composite materials and expanded graphite for applications that require high temperature resistance, electrical conductivity, light weight or chemical durability.

Its products are used in a range of industries, including semiconductor and solar manufacturing, battery technology, chemicals, industrial equipment, automotive, aerospace, wind energy and other mobility applications.