Short Interest in Nordex SE (OTCMKTS:NRDXF) Rises By 110.4%

Nordex SE (OTCMKTS:NRDXF) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 742,898 shares, an increase of 110.4% from the May 14th total of 353,044 shares. Based on an average trading volume of 97 shares, the days-to-cover ratio is presently 7,658.7 days.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup restated a “neutral” rating on shares of Nordex in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Nordex in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nordex currently has an average rating of “Hold”.

Nordex Price Performance

NRDXF remained flat at $44.78 during trading hours on Friday. Nordex has a 52 week low of $18.83 and a 52 week high of $56.80. The business’s 50 day simple moving average is $52.33 and its two-hundred day simple moving average is $44.42.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.