Essentra (OTCMKTS:FLRAF) Stock Short Interest Declines 58.8%

Essentra (OTCMKTS:FLRAF) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 28,227 shares, a decline of 58.8% from the September 15th total of 68,573 shares. Based on an average trading volume of 127 shares, the short-interest ratio is currently 222.3 days. Approximately 0.0% of the company’s stock are short sold.

Essentra Stock Performance

OTCMKTS:FLRAF remained flat at $1.52 during trading hours on Thursday. Essentra has a 52 week low of $1.10 and a 52 week high of $1.52. The business has a fifty day moving average of $1.49 and a 200 day moving average of $1.28.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Essentra in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Essentra presently has a consensus rating of “Buy”.

Essentra Company Profile

Essentra plc is a global manufacturer and distributor of engineered components used by manufacturers across a range of industrial and commercial markets. Its product portfolio includes protective caps and plugs, cable-management products, fasteners, access hardware, handles, knobs, hinges and other molded or machined components designed to support assembly, protection and finishing applications.

The company serves customers through the Essentra Components business, offering both standard catalog products and customized solutions.