Short Interest in SGL Carbon SE (OTCMKTS:SGLFF) Increases By 195.7%

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 6,680 shares, an increase of 195.7% from the May 31st total of 2,259 shares. Based on an average daily volume of 1 shares, the short-interest ratio is presently 6,680.0 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of SGL Carbon in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

SGL Carbon Stock Performance

Shares of SGL Carbon stock remained flat at $5.25 during trading hours on Monday. 420 shares of the company’s stock were exchanged, compared to its average volume of 1,759. The company’s fifty day simple moving average is $5.21 and its 200 day simple moving average is $4.59. SGL Carbon has a 1-year low of $3.00 and a 1-year high of $5.81.

About SGL Carbon

SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.