Jungheinrich AG (OTCMKTS:JGHAF) Stock Short Interest Rises 88.3%

Jungheinrich AG (OTCMKTS:JGHAF) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 117,531 shares, a growth of 88.3% from the September 30th total of 62,429 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Jungheinrich Stock Performance

JGHAF opened at $28.85 on Friday. Jungheinrich has a 1-year low of $28.85 and a 1-year high of $41.11. The business has a 50 day moving average price of $28.85 and a two-hundred day moving average price of $33.66.

Wall Street Analysts Forecast Growth

Separately, UBS Group began coverage on Jungheinrich in a research note on Tuesday, October 13th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Jungheinrich has an average rating of “Hold”.

Jungheinrich Company Profile

Jungheinrich AG is a Germany-based provider of intralogistics solutions for warehouses, distribution centers and industrial operations. The company develops and supplies material-handling equipment, including electric and industrial forklifts, pallet trucks, reach trucks, order pickers and other warehouse vehicles.

In addition to equipment, Jungheinrich provides warehouse automation and robotics, racking and storage systems, fleet-management software, maintenance, spare parts, rental services and other support solutions.