Schaeffler AG (OTCMKTS:SFFLY) Sees Significant Increase in Short Interest

Schaeffler AG (OTCMKTS:SFFLY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,549 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 3,451 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

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

Schaeffler Price Performance

SFFLY opened at $8.72 on Tuesday. Schaeffler has a 1 year low of $6.40 and a 1 year high of $14.44. The company’s 50 day simple moving average is $9.12 and its 200 day simple moving average is $9.88.

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.