Short Interest in Nemetschek SE (OTCMKTS:NEMTF) Rises By 51.6%

Nemetschek SE (OTCMKTS:NEMTF) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 318,729 shares, an increase of 51.6% from the December 31st total of 210,289 shares. Based on an average trading volume of 272 shares, the days-to-cover ratio is currently 1,171.8 days. Based on an average trading volume of 272 shares, the days-to-cover ratio is currently 1,171.8 days.

Wall Street Analysts Forecast Growth

NEMTF has been the topic of a number of recent analyst reports. BNP Paribas Exane upgraded Nemetschek from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nemetschek in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Nemetschek currently has an average rating of “Moderate Buy”.

Nemetschek Stock Performance

OTCMKTS NEMTF opened at $105.92 on Friday. The company has a 50 day moving average price of $119.95 and a 200 day moving average price of $136.90. Nemetschek has a 52 week low of $105.56 and a 52 week high of $107.89.

Nemetschek Company Profile

Nemetschek SE is a Munich-based software developer specializing in solutions for the architecture, engineering and construction (AEC) industries as well as the media and entertainment sectors. The company’s platforms encompass computer-aided design (CAD), building information modeling (BIM), visualisation and project management, enabling stakeholders across planning, design, construction and operation to collaborate on complex building and infrastructure projects.

Founded in 1963 by Prof.