Schweiter Technologies AG (OTCMKTS:SCWTF) Short Interest Update

Schweiter Technologies AG (OTCMKTS:SCWTF) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 811 shares, a growth of 6,658.3% from the February 26th total of 12 shares. Based on an average daily volume of 2 shares, the days-to-cover ratio is currently 405.5 days. Based on an average daily volume of 2 shares, the days-to-cover ratio is currently 405.5 days.

Wall Street Analyst Weigh In

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

Schweiter Technologies Stock Performance

SCWTF stock remained flat at $327.95 during midday trading on Tuesday. The business’s fifty day moving average price is $568.91 and its two-hundred day moving average price is $579.34. Schweiter Technologies has a twelve month low of $327.95 and a twelve month high of $585.00.

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.