Schaeffler AG (OTCMKTS:SFFLY) Sees Significant Growth in Short Interest

Schaeffler AG (OTCMKTS:SFFLY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,019 shares, a growth of 82.2% from the August 31st total of 1,657 shares. Based on an average daily trading volume, of 14,920 shares, the short-interest ratio is presently 0.2 days.

Schaeffler Trading Up 3.9%

OTCMKTS:SFFLY opened at $7.57 on Thursday. The company’s fifty day moving average price is $8.47 and its 200-day moving average price is $9.40. Schaeffler has a 1-year low of $7.13 and a 1-year high of $14.44.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Schaeffler to a “hold” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Schaeffler Company Profile

Schaeffler AG is a Germany-based global supplier of motion technology products and systems for the automotive and industrial sectors. The company develops and manufactures bearings, precision components, seals, linear technology, and related systems designed to reduce friction and improve the efficiency, reliability, and performance of machinery.

For automotive customers, Schaeffler supplies components and systems for engines, transmissions, chassis, and vehicle electrification. Its portfolio includes clutches, torque converters, transmission components, wheel bearings, chassis systems, and solutions for hybrid and electric vehicles.