SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Up 309.7% in August

SGL Carbon SE (OTCMKTS:SGLFF) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,315 shares, an increase of 309.7% from the July 30th total of 565 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 3.3 days.

SGL Carbon Price Performance

OTCMKTS SGLFF opened at $4.72 on Friday. SGL Carbon has a 1-year low of $3.00 and a 1-year high of $5.81. The business’s 50-day simple moving average is $4.92 and its 200-day simple moving average is $4.86.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGL Carbon in a research note on Friday, August 7th. Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

SGL Carbon Company Profile

SGL Carbon SE is a German high?technology company specializing in carbon?based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber?reinforced composites, carbon fibers and specialty materials for high?performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.