SFS Group AG (OTCMKTS:SFSLF) Sees Significant Decline in Short Interest

SFS Group AG (OTCMKTS:SFSLF) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 449 shares, a drop of 69.6% from the September 15th total of 1,475 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

SFS Group Stock Performance

Shares of OTCMKTS SFSLF opened at $112.80 on Wednesday. SFS Group has a fifty-two week low of $112.80 and a fifty-two week high of $112.80. The business has a 50 day moving average price of $112.80 and a two-hundred day moving average price of $112.80.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded SFS Group from a “buy” rating to a “neutral” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, SFS Group currently has a consensus rating of “Hold”.

About SFS Group

SFS Group AG is a Switzerland-based industrial company that develops and manufactures precision components, fastening systems and logistics solutions for business customers. Its products include cold-formed and machined components, screws, rivets, special fasteners and assemblies used in applications such as automotive manufacturing, construction, electronics, aerospace, medical technology and general industry.

The company operates through activities that combine engineered component manufacturing, fastening technology and distribution.