Nagarro SE (OTCMKTS:NGRRF – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 4,587 shares, a decrease of 79.6% from the September 15th total of 22,537 shares. Based on an average trading volume of 50 shares, the short-interest ratio is presently 91.7 days.
Nagarro Trading Down 2.2%
NGRRF opened at $86.81 on Tuesday. The company’s 50-day moving average price is $89.89 and its 200 day moving average price is $70.43. Nagarro has a fifty-two week low of $38.58 and a fifty-two week high of $92.72.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group cut Nagarro to a “hold” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold”.
Nagarro Company Profile
Nagarro SE is a global digital engineering and technology services company that helps organizations develop, modernize and operate digital products and technology platforms. Its services include software engineering, cloud and infrastructure solutions, artificial intelligence and data analytics, enterprise resource planning, customer experience design, quality assurance, and technology consulting.
The company serves clients across industries such as automotive, manufacturing, financial services, healthcare, retail and telecommunications.
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