Friedrich Vorwerk Group SE (OTCMKTS:FRVWY) Short Interest Up 566.7% in August

Friedrich Vorwerk Group SE (OTCMKTS:FRVWY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 60 shares, an increase of 566.7% from the August 15th total of 9 shares. Based on an average daily volume of 123 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Friedrich Vorwerk Group from an “underperform” rating to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Friedrich Vorwerk Group has an average rating of “Hold”.

Friedrich Vorwerk Group Price Performance

OTCMKTS FRVWY opened at $20.36 on Friday. Friedrich Vorwerk Group has a twelve month low of $18.56 and a twelve month high of $30.50. The company’s 50-day simple moving average is $19.89 and its 200 day simple moving average is $20.78.

About Friedrich Vorwerk Group

Friedrich Vorwerk Group SE provides various solutions for transformation and transportation of energy in Germany and Europe. The company operates through Natural Gas, Electricity, Clean Hydrogen, and Adjacent Opportunities segments. The Natural Gas segment comprises infrastructure services and product solutions for the transport and conversion of raw natural gas into treated natural gas; and engages in transporting the natural gas through high-pressure pipelines to processing in filtering and separation plants, compressor stations, storage and measurement systems, LNG terminals, and gas pressure control and measurement systems.