Schaeffler AG (OTCMKTS:SFFLY) Stock Short Interest Rises 81.3%

Schaeffler AG (OTCMKTS:SFFLY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 5,473 shares, an increase of 81.3% from the September 15th total of 3,019 shares. Based on an average daily volume of 3,895 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Schaeffler Stock Performance

SFFLY stock opened at $6.62 on Thursday. The company’s fifty day simple moving average is $8.10 and its 200 day simple moving average is $9.32. Schaeffler has a 12-month low of $6.50 and a 12-month high of $14.44.

Schaeffler Company Profile

Schaeffler AG is a Germany-based global supplier of automotive and industrial components and systems. The company develops and manufactures rolling and plain bearings, precision components, drivetrain technologies, and related products used in vehicles, machinery, wind turbines, aerospace applications, and other industrial equipment.

In the automotive sector, Schaeffler provides products for engines, transmissions, chassis, and vehicle electrification, including hybrid and electric-drive components.