Schweiter Technologies AG (OTCMKTS:SCWTF) Short Interest Down 45.5% in May

Schweiter Technologies AG (OTCMKTS:SCWTF) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 685 shares, a decrease of 45.5% from the April 30th total of 1,257 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ? days.

Schweiter Technologies Price Performance

Shares of OTCMKTS SCWTF remained flat at $362.75 during mid-day trading on Tuesday. The stock’s 50-day moving average is $347.44 and its 200 day moving average is $499.31. Schweiter Technologies has a 12-month low of $327.95 and a 12-month high of $362.75.

About Schweiter Technologies

Schweiter Technologies AG, trading as OTCMKTS:SCWTF, is a Swiss engineering group specializing in the design, manufacture and servicing of machinery for the floor covering and specialty textiles industries. Its core product lines include tufting machines for carpet and artificial turf production, coating and laminating equipment for technical textiles, and finishing lines that integrate drying, heat-setting and inspection. The company also offers digital process control systems, automation solutions and retrofitting services aimed at optimizing production efficiency and quality for its customers.

Headquartered in Altstätten, Switzerland, Schweiter Technologies serves a global customer base through a network of subsidiaries, sales offices and service centers across Europe, North America and Asia.