Jungheinrich AG (OTCMKTS:JGHAF) Shares Shorted: Short Interest Up 88.3% in October

Jungheinrich AG (OTCMKTS:JGHAF) was the target of a significant growth in short interest in the month of 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. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 0 shares, the short-interest ratio is currently ? days.

Wall Street Analyst Weigh In

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

Jungheinrich Price Performance

OTCMKTS:JGHAF opened at $28.85 on Tuesday. The company has a 50 day simple moving average of $28.85 and a two-hundred day simple moving average of $33.60. Jungheinrich has a 12 month low of $28.85 and a 12 month high of $41.11.

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.