Forvia SE (OTCMKTS:FURCF) Stock Short Interest Jumps 243.9%

Forvia SE (OTCMKTS:FURCF) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 397,219 shares, an increase of 243.9% from the September 15th total of 115,513 shares. Based on an average daily trading volume, of 185 shares, the short-interest ratio is currently 2,147.1 days.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FURCF shares. Citigroup reiterated a “buy” rating on shares of Forvia in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Forvia in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Forvia Price Performance

Forvia stock remained flat at $10.29 during mid-day trading on Friday. Forvia has a 52 week low of $9.77 and a 52 week high of $16.90. The company’s fifty day simple moving average is $10.08 and its two-hundred day simple moving average is $10.79.

About Forvia

Forvia SE is a global automotive technology supplier formed through the combination of French automotive-equipment company Faurecia and German lighting and electronics specialist HELLA. The Forvia brand was introduced following Faurecia’s acquisition of a controlling interest in HELLA, completed in 2022, bringing the two businesses together while retaining their respective operating expertise and product portfolios.

The company develops and supplies components and systems for vehicle manufacturers, including automotive seating, interiors, lighting, electronics, and clean-mobility technologies.