Nordex SE (OTCMKTS:NRDXF – Get Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 281,224 shares, a decrease of 58.6% from the April 15th total of 679,452 shares. Based on an average daily volume of 566 shares, the short-interest ratio is presently 496.9 days.
Nordex Stock Performance
OTCMKTS:NRDXF remained flat at $55.20 during mid-day trading on Friday. The company had a trading volume of 2 shares, compared to its average volume of 451. Nordex has a fifty-two week low of $18.83 and a fifty-two week high of $56.80. The business has a fifty day simple moving average of $52.56 and a 200 day simple moving average of $41.46.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NRDXF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a research note on Tuesday, April 28th. Citigroup restated a “neutral” rating on shares of Nordex in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Nordex in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Nordex Company Profile
Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.
In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.
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