Nordex SE (OTCMKTS:NRDXF) Short Interest Up 110.4% in May

Nordex SE (OTCMKTS:NRDXF) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 742,898 shares, a growth of 110.4% from the May 14th total of 353,044 shares. Based on an average daily trading volume, of 97 shares, the days-to-cover ratio is presently 7,658.7 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NRDXF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordex in a research report on Tuesday, April 28th. Citigroup reissued a “neutral” rating on shares of Nordex in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Nordex in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Nordex has a consensus rating of “Hold”.

Nordex Price Performance

NRDXF stock remained flat at $44.78 during trading on Friday. Nordex has a 1 year low of $18.83 and a 1 year high of $56.80. The firm has a 50 day moving average price of $52.33 and a 200-day moving average price of $44.32.

About Nordex

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.