Forvia SE (OTCMKTS:FURCF) Shares Shorted: Short Interest Up 243.9% in September

Forvia SE (OTCMKTS:FURCF) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 397,219 shares, an increase of 243.9% from the September 15th total of 115,513 shares. Based on an average daily volume of 185 shares, the days-to-cover ratio is currently 2,147.1 days.

Forvia Price Performance

Shares of FURCF remained flat at $10.29 during midday trading on Friday. The business’s 50-day simple moving average is $10.08 and its 200-day simple moving average is $10.79. Forvia has a 1-year low of $9.77 and a 1-year high of $16.90.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FURCF. Citigroup reiterated a “buy” rating on shares of Forvia in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Forvia in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

About Forvia

Forvia SE is a global automotive technology supplier formed through the combination of French automotive-equipment company Faurecia and German lighting and electronics specialist HELLA. The Forvia brand was introduced following Faurecia’s acquisition of a controlling interest in HELLA, completed in 2022, bringing the two businesses together while retaining their respective operating expertise and product portfolios.

The company develops and supplies components and systems for vehicle manufacturers, including automotive seating, interiors, lighting, electronics, and clean-mobility technologies.