Short Interest in Schaeffler AG (OTCMKTS:SFFLY) Declines By 64.9%

Schaeffler AG (OTCMKTS:SFFLY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,384 shares, a decrease of 64.9% from the June 30th total of 9,632 shares. Based on an average daily trading volume, of 18,291 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Schaeffler Trading Up 0.3%

Shares of SFFLY stock opened at $9.07 on Wednesday. Schaeffler has a 12 month low of $5.50 and a 12 month high of $14.44. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $10.49.

About Schaeffler

Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.

In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.