Nordex SE (OTCMKTS:NRDXF) Sees Significant Increase in Short Interest

Nordex SE (OTCMKTS:NRDXF) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 675,406 shares, a growth of 98.1% from the March 15th total of 340,858 shares. Based on an average trading volume of 447 shares, the days-to-cover ratio is presently 1,511.0 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nordex presently has a consensus rating of “Hold”.

Nordex Price Performance

OTCMKTS NRDXF remained flat at $51.80 on Tuesday. The company has a fifty day moving average of $47.54 and a 200-day moving average of $37.01. Nordex has a fifty-two week low of $14.70 and a fifty-two week high of $51.80.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.