Schindler Holding AG (OTCMKTS:SHLAF) Sees Significant Increase in Short Interest

Schindler Holding AG (OTCMKTS:SHLAF) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 309,241 shares, a growth of 56.9% from the July 30th total of 197,117 shares. Based on an average daily volume of 340 shares, the days-to-cover ratio is presently 909.5 days.

Schindler Price Performance

SHLAF stock opened at $329.74 on Thursday. The firm’s fifty day moving average is $331.40 and its 200 day moving average is $343.90. Schindler has a 52 week low of $300.00 and a 52 week high of $410.62.

Analysts Set New Price Targets

Separately, Citigroup reissued a “buy” rating on shares of Schindler in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Schindler

Schindler Group is a Switzerland-based multinational engineering company specializing in the design, manufacturing and servicing of elevators, escalators and moving walkways. Its product portfolio spans a range of urban mobility solutions, from machine-room-less passenger lifts for residential buildings to high-capacity elevators for skyscrapers and heavy-duty escalators for transit hubs. The company emphasizes energy-efficient drive systems, digital connectivity and predictive maintenance technologies to support safe, reliable vertical transportation.

Founded in 1874 by Robert Schindler and Eduard Villiger in Lucerne, Schindler has grown from a regional ironworks into a global industry leader.