Short Interest in SAF-Holland SE (OTCMKTS:SFHLF) Rises By 261.7%

SAF-Holland SE (OTCMKTS:SFHLF) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,473 shares, an increase of 261.7% from the July 30th total of 1,513 shares. Based on an average daily volume of 10 shares, the short-interest ratio is currently 547.3 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SAF-Holland in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

SAF-Holland Price Performance

OTCMKTS:SFHLF opened at C$18.11 on Thursday. SAF-Holland has a fifty-two week low of C$16.45 and a fifty-two week high of C$18.86. The company has a 50 day moving average price of C$18.74 and a 200 day moving average price of C$18.82.

SAF-Holland Company Profile

SAF-Holland SA, trading on the OTC markets under the ticker SFHLF, is an international supplier of chassis-related systems for commercial vehicles. The company’s product portfolio encompasses landing gear, fifth wheel couplings, axles, suspension systems, coupling systems and related electronic components. These components are sold both to original equipment manufacturers (OEMs) of trailers, tractor units and buses as well as to the independent aftermarket, supporting the full life cycle of heavy‐duty vehicles.

SAF-Holland’s origins date back to the 19th and early 20th centuries, when its predecessor entities—SAF in France and Holland Hitch in the United States—began producing mechanical components for transport equipment.