Nagarro SE (OTCMKTS:NGRRF) Short Interest Update

Nagarro SE (OTCMKTS:NGRRF) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 22,537 shares, a drop of 38.8% from the August 31st total of 36,837 shares. Based on an average daily trading volume, of 2,042 shares, the short-interest ratio is presently 11.0 days.

Nagarro Price Performance

OTCMKTS:NGRRF remained flat at $88.80 during trading hours on Thursday. 5 shares of the company’s stock traded hands, compared to its average volume of 856. The firm has a fifty day simple moving average of $89.71 and a 200 day simple moving average of $68.62. Nagarro has a one year low of $38.58 and a one year high of $92.72.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of Nagarro to a “hold” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Nagarro

Nagarro SE is a global digital engineering and technology services company that helps organizations develop, modernize and operate digital products and technology platforms. Its services include software engineering, cloud and infrastructure solutions, artificial intelligence and data analytics, enterprise resource planning, customer experience design, quality assurance, and technology consulting.

The company serves clients across industries such as automotive, manufacturing, financial services, healthcare, retail and telecommunications.