Schweiter Technologies AG (OTCMKTS:SCWTF) Short Interest Up 500.0% in February

Schweiter Technologies AG (OTCMKTS:SCWTF) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 12 shares, a growth of 500.0% from the January 29th total of 2 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Schweiter Technologies Price Performance

Shares of SCWTF remained flat at $585.00 during mid-day trading on Wednesday. Schweiter Technologies has a 52 week low of $585.00 and a 52 week high of $585.00. The business has a 50 day simple moving average of $585.00 and a 200 day simple moving average of $585.00.

Analyst Upgrades and Downgrades

Separately, Baader Bank lowered Schweiter Technologies to a “reduce” rating in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Schweiter Technologies has a consensus rating of “Sell”.

About Schweiter Technologies

Schweiter Technologies AG, trading as OTCMKTS:SCWTF, is a Swiss engineering group specializing in the design, manufacture and servicing of machinery for the floor covering and specialty textiles industries. Its core product lines include tufting machines for carpet and artificial turf production, coating and laminating equipment for technical textiles, and finishing lines that integrate drying, heat-setting and inspection. The company also offers digital process control systems, automation solutions and retrofitting services aimed at optimizing production efficiency and quality for its customers.

Headquartered in Altstätten, Switzerland, Schweiter Technologies serves a global customer base through a network of subsidiaries, sales offices and service centers across Europe, North America and Asia.