Nagarro SE (OTCMKTS:NGRRF) Short Interest Down 37.6% in August

Nagarro SE (OTCMKTS:NGRRF) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 36,837 shares, a drop of 37.6% from the August 15th total of 59,064 shares. Based on an average daily trading volume, of 179 shares, the short-interest ratio is currently 205.8 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut Nagarro to a “hold” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Nagarro Trading Down 1.3%

Shares of Nagarro stock traded down $1.14 during trading on Thursday, hitting $89.27. 100 shares of the company’s stock traded hands, compared to its average volume of 913. Nagarro has a 1 year low of $38.58 and a 1 year high of $92.72. The business has a 50-day simple moving average of $89.16 and a 200-day simple moving average of $66.53.

Nagarro Company Profile

Nagarro SE (OTCMKTS:NGRRF) is a global digital engineering and technology consultancy firm headquartered in Munich, Germany. Established in 1996, the company partners with clients to drive enterprise digital transformation by offering end-to-end product design and software development services. It leverages an agile, innovation-driven approach to tackle complex business challenges and accelerate time to market.

Nagarro’s core offerings include digital product engineering, data and AI services, cloud and DevOps solutions, and enterprise application development.