Essentra (OTCMKTS:FLRAF) Stock Short Interest Falls 35.8%

Essentra (OTCMKTS:FLRAF) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 68,573 shares, a decline of 35.8% from the August 31st total of 106,779 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Currently, 0.0% of the shares of the stock are sold short.

Essentra Price Performance

FLRAF opened at $1.45 on Thursday. The business has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.28. Essentra has a fifty-two week low of $1.10 and a fifty-two week high of $1.50.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Essentra in a research note on Friday, August 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Essentra Company Profile

Essentra plc is a United Kingdom-based manufacturer and distributor of essential components used in industrial and commercial products. The company supplies a broad range of plastic, rubber and metal components, including protective caps and plugs, cable-management products, fasteners, PCB supports, access hardware, handles, knobs and other molded or machined parts.

Essentra serves manufacturers across industries such as electronics, healthcare, automotive, aerospace, machinery, construction and general industrial equipment.