Jungheinrich AG (OTCMKTS:JGHAF) Stock Short Interest Jumps 88.3%

Jungheinrich AG (OTCMKTS:JGHAF) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 117,531 shares, an increase of 88.3% from the September 30th total of 62,429 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Approximately 0.2% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, UBS Group started coverage on shares of Jungheinrich in a research note on Tuesday, October 13th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

Jungheinrich Price Performance

Shares of JGHAF stock remained flat at $28.85 during mid-day trading on Monday. Jungheinrich has a 1 year low of $28.85 and a 1 year high of $41.11. The firm has a 50-day simple moving average of $28.85 and a 200-day simple moving average of $33.66.

Jungheinrich Company Profile

Jungheinrich AG is a Germany-based provider of intralogistics solutions for warehouses, distribution centers and industrial operations. The company develops and supplies material-handling equipment, including electric and industrial forklifts, pallet trucks, reach trucks, order pickers and other warehouse vehicles.

In addition to equipment, Jungheinrich provides warehouse automation and robotics, racking and storage systems, fleet-management software, maintenance, spare parts, rental services and other support solutions.