Bilfinger SE (OTCMKTS:BFLBY) Shares Shorted: Short Interest Up 63.8% in September

Bilfinger SE (OTCMKTS:BFLBY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,078 shares, a growth of 63.8% from the September 15th total of 658 shares. Based on an average daily volume of 262 shares, the days-to-cover ratio is presently 4.1 days.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Bilfinger to a “buy” rating in a report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Bilfinger Price Performance

Shares of Bilfinger stock opened at $12.76 on Friday. Bilfinger has a 1-year low of $11.90 and a 1-year high of $31.30. The business’s fifty day moving average price is $16.03 and its two-hundred day moving average price is $19.27.

Bilfinger Company Profile

Bilfinger SE is a Germany-based industrial services provider headquartered in Mannheim. The company supports customers in process industries, including chemicals and petrochemicals, pharmaceuticals, energy, utilities, and related manufacturing sectors. Its services cover the full life cycle of industrial facilities, from consulting and engineering to construction, commissioning, maintenance, modernization, and decommissioning.

Bilfinger’s offerings include plant engineering, project management, mechanical and electrical services, automation and control systems, insulation and scaffolding, industrial maintenance, and digital solutions.