SGL Carbon SE (OTCMKTS:SGLFF) Shares Shorted: Short Interest Up 70.7% in October

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 5,069 shares, an increase of 70.7% from the September 30th total of 2,969 shares. Based on an average daily volume of 285 shares, the days-to-cover ratio is presently 17.8 days.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SGLFF. Jefferies Financial Group reaffirmed a “hold” rating on shares of SGL Carbon in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a report on Friday, August 7th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, SGL Carbon has an average rating of “Hold”.

SGL Carbon Price Performance

OTCMKTS:SGLFF opened at $5.53 on Wednesday. SGL Carbon has a 12 month low of $3.00 and a 12 month high of $6.14. The company has a 50 day simple moving average of $5.25 and a two-hundred day simple moving average of $4.93.

SGL Carbon Company Profile

SGL Carbon SE is a Germany-based manufacturer of carbon-based materials and products. The company develops and produces graphite, carbon fibers, carbon-fiber-reinforced composites and related specialty materials designed to withstand high temperatures, corrosion and demanding mechanical conditions.

Its products are used in a range of industrial applications, including semiconductor and solar manufacturing, chemicals, industrial furnaces, automotive components, aerospace structures, wind energy and other transportation and energy technologies.