Schaeffler AG (OTCMKTS:SFFLY) Sees Large Growth in Short Interest

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

Analyst Upgrades and Downgrades

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

Schaeffler Trading Up 1.3%

Shares of SFFLY opened at $8.73 on Friday. The stock has a fifty day moving average of $9.16 and a 200-day moving average of $9.93. Schaeffler has a 52 week low of $6.40 and a 52 week high of $14.44.

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.