Nemetschek SE (OTCMKTS:NEMTF) Sees Large Growth in Short Interest

Nemetschek SE (OTCMKTS:NEMTF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 111,600 shares, an increase of 24.8% from the February 28th total of 89,400 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 558.0 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nemetschek in a research report on Friday, March 21st.

Nemetschek Stock Performance

Shares of NEMTF opened at $125.02 on Thursday. Nemetschek has a 1 year low of $120.02 and a 1 year high of $125.32. The stock’s fifty day moving average price is $108.82 and its two-hundred day moving average price is $104.27.

Nemetschek Company Profile

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.