Schaeffler AG (OTCMKTS:SFFLY) Shares Shorted: Short Interest Up 82.2% in September

Schaeffler AG (OTCMKTS:SFFLY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,019 shares, a growth of 82.2% from the August 31st total of 1,657 shares. Based on an average daily trading volume, of 14,920 shares, the days-to-cover ratio is presently 0.2 days.

Schaeffler Price Performance

Schaeffler stock traded down $0.10 during mid-day trading on Wednesday, reaching $7.20. 1,177 shares of the company’s stock were exchanged, compared to its average volume of 6,234. Schaeffler has a twelve month low of $7.13 and a twelve month high of $14.44. The company has a fifty day moving average of $8.51 and a 200-day moving average of $9.41.

Analyst Ratings Changes

Separately, Zacks Research raised Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Schaeffler currently has a consensus rating of “Hold”.

About Schaeffler

Schaeffler AG is a Germany-based global supplier of motion technology products and systems for the automotive and industrial sectors. The company develops and manufactures bearings, precision components, seals, linear technology, and related systems designed to reduce friction and improve the efficiency, reliability, and performance of machinery.

For automotive customers, Schaeffler supplies components and systems for engines, transmissions, chassis, and vehicle electrification. Its portfolio includes clutches, torque converters, transmission components, wheel bearings, chassis systems, and solutions for hybrid and electric vehicles.