Schaeffler AG (OTCMKTS:SFFLY) Short Interest Up 90.3% in June

Schaeffler AG (OTCMKTS:SFFLY) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 9,632 shares, a growth of 90.3% from the June 15th total of 5,062 shares. Based on an average trading volume of 22,570 shares, the days-to-cover ratio is currently 0.4 days.

Schaeffler Price Performance

Shares of SFFLY opened at $9.53 on Thursday. The company’s fifty day simple moving average is $10.66 and its 200-day simple moving average is $10.57. Schaeffler has a twelve month low of $5.50 and a twelve month high of $14.44.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.