Nordex SE (OTCMKTS:NRDXF) Short Interest Down 37.5% in February

Nordex SE (OTCMKTS:NRDXF) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 808,126 shares, a decline of 37.5% from the February 12th total of 1,293,125 shares. Based on an average daily trading volume, of 105 shares, the short-interest ratio is presently 7,696.4 days. Based on an average daily trading volume, of 105 shares, the short-interest ratio is presently 7,696.4 days.

Nordex Price Performance

OTCMKTS:NRDXF remained flat at $50.00 on Friday. The business has a fifty day moving average price of $42.12 and a 200-day moving average price of $32.79. Nordex has a 52-week low of $14.70 and a 52-week high of $50.00.

Wall Street Analysts Forecast Growth

NRDXF has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating on shares of Nordex in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Nordex in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.