Nordex SE (OTCMKTS:NRDXF) Short Interest Up 110.4% in May

Nordex SE (OTCMKTS:NRDXF) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 742,898 shares, a growth of 110.4% from the May 14th total of 353,044 shares. Based on an average daily volume of 97 shares, the days-to-cover ratio is currently 7,658.7 days.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a research note on Tuesday, April 28th. Citigroup restated a “neutral” rating on shares of Nordex in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Nordex in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nordex Stock Performance

NRDXF remained flat at $44.78 during midday trading on Friday. The firm’s fifty day moving average is $52.33 and its 200 day moving average is $44.32. Nordex has a 52-week low of $18.83 and a 52-week high of $56.80.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.