Nagarro SE (OTCMKTS:NGRRF) Stock Short Interest Falls 93.5%

Nagarro SE (OTCMKTS:NGRRF) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 300 shares, a decrease of 93.5% from the September 30th total of 4,587 shares. Based on an average trading volume of 4 shares, the short-interest ratio is presently 75.0 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded shares of Nagarro to a “hold” rating in a research note on Tuesday, August 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”.

Nagarro Price Performance

NGRRF traded down $1.48 on Monday, hitting $87.81. The company had a trading volume of 209 shares, compared to its average volume of 869. The stock has a fifty day moving average price of $89.66 and a 200-day moving average price of $71.85. Nagarro has a 12-month low of $38.58 and a 12-month high of $92.72.

About Nagarro

Nagarro SE is a global digital engineering and technology services company headquartered in Munich, Germany. The company helps organizations design, build, modernize and operate digital products, platforms and business systems, serving clients across industries and geographies.

Its services include digital product engineering, cloud and infrastructure services, enterprise resource planning, customer experience and user-interface design, data and analytics, artificial intelligence, cybersecurity, and technology consulting.