SAP SE ADRhedged (NYSEARCA:SAPH) Shares Shorted: Short Interest Up 810.0% in September

SAP SE ADRhedged (NYSEARCA:SAPH) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,183 shares, an increase of 810.0% from the September 15th total of 130 shares. Based on an average trading volume of 655 shares, the short-interest ratio is presently 1.8 days. Currently, 11.8% of the shares of the company are short sold.

SAP SE ADRhedged Stock Performance

NYSEARCA:SAPH opened at $40.57 on Monday. SAP SE ADRhedged has a one year low of $27.49 and a one year high of $51.57. The business has a fifty day moving average price of $38.74 and a 200-day moving average price of $33.95.

Hedge Funds Weigh In On SAP SE ADRhedged

A hedge fund recently bought a new stake in SAP SE ADRhedged stock. Madison Asset Management LLC purchased a new stake in shares of SAP SE ADRhedged (NYSEARCA:SAPH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,686 shares of the company’s stock, valued at approximately $1,955,000. Madison Asset Management LLC owned 126.86% of SAP SE ADRhedged as of its most recent filing with the Securities & Exchange Commission.