Short Interest in SGL Carbon SE (OTCMKTS:SGLFF) Expands By 560.0%

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,650 shares, a growth of 560.0% from the February 26th total of 250 shares. Based on an average trading volume of 6 shares, the days-to-cover ratio is presently 275.0 days. Based on an average trading volume of 6 shares, the days-to-cover ratio is presently 275.0 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SGL Carbon in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, SGL Carbon currently has an average rating of “Hold”.

SGL Carbon Price Performance

SGL Carbon stock remained flat at $3.62 during midday trading on Wednesday. SGL Carbon has a 52-week low of $3.00 and a 52-week high of $5.70. The stock’s 50 day moving average is $4.65 and its 200-day moving average is $4.04.

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.