Forvia SE (OTCMKTS:FURCF – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 327,700 shares, a drop of 27.6% from the February 13th total of 452,500 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 819.3 days.
Forvia Stock Down 6.7 %
Shares of FURCF traded down $0.64 during mid-day trading on Friday, reaching $8.94. The company had a trading volume of 4,104 shares, compared to its average volume of 2,718. Forvia has a 52-week low of $8.24 and a 52-week high of $16.64. The stock has a 50 day moving average of $9.92 and a two-hundred day moving average of $9.60.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Forvia in a research report on Monday, March 3rd.
About Forvia
Forvia SE, together with its subsidiaries, manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally. It operates through Seating, Clean Mobility, Electronics, Lighting, and Lifecycle Solutions segments. The Seating segment designs and manufactures vehicle seats, seating frames, and comfort solutions, as well as adjustment mechanisms.
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