Nagarro SE (OTCMKTS:NGRRF – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 36,837 shares, a decline of 37.6% from the August 15th total of 59,064 shares. Based on an average daily volume of 179 shares, the short-interest ratio is currently 205.8 days.
Nagarro Stock Performance
NGRRF stock opened at $89.27 on Friday. The firm’s 50-day moving average price is $89.18 and its two-hundred day moving average price is $66.71. Nagarro has a 12-month low of $38.58 and a 12-month high of $92.72.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group lowered Nagarro to a “hold” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Nagarro currently has a consensus rating of “Hold”.
Nagarro Company Profile
Nagarro SE (OTCMKTS:NGRRF) is a global digital engineering and technology consultancy firm headquartered in Munich, Germany. Established in 1996, the company partners with clients to drive enterprise digital transformation by offering end-to-end product design and software development services. It leverages an agile, innovation-driven approach to tackle complex business challenges and accelerate time to market.
Nagarro’s core offerings include digital product engineering, data and AI services, cloud and DevOps solutions, and enterprise application development.
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