Schaeffler AG (OTCMKTS:SFFLY) Stock Short Interest Rises 81.3%

Schaeffler AG (OTCMKTS:SFFLY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 5,473 shares, an increase of 81.3% from the September 15th total of 3,019 shares. Based on an average daily trading volume, of 3,895 shares, the days-to-cover ratio is currently 1.4 days.

Schaeffler Stock Performance

Shares of OTCMKTS:SFFLY opened at $6.62 on Thursday. The firm has a 50 day moving average of $8.10 and a 200-day moving average of $9.32. Schaeffler has a 12 month low of $6.50 and a 12 month high of $14.44.

Analyst Upgrades and Downgrades

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

Schaeffler Company Profile

Schaeffler AG is a Germany-based global supplier of automotive and industrial components and systems. The company develops and manufactures rolling and plain bearings, precision components, drivetrain technologies, and related products used in vehicles, machinery, wind turbines, aerospace applications, and other industrial equipment.

In the automotive sector, Schaeffler provides products for engines, transmissions, chassis, and vehicle electrification, including hybrid and electric-drive components.