Schaeffler AG (OTCMKTS:SFFLY) Short Interest Up 90.3% in June

Schaeffler AG (OTCMKTS:SFFLY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 9,632 shares, an increase of 90.3% from the June 15th total of 5,062 shares. Based on an average daily volume of 22,570 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

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

Schaeffler Price Performance

Shares of OTCMKTS:SFFLY opened at $9.53 on Thursday. The business’s 50 day moving average is $10.66 and its 200 day moving average is $10.57. Schaeffler has a 52-week low of $5.50 and a 52-week high of $14.44.

Schaeffler Company Profile

Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.

In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.