Schaeffler AG (OTCMKTS:SFFLY) Shares Shorted: Short Interest Up 82.2% in September

Schaeffler AG (OTCMKTS:SFFLY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,019 shares, an increase of 82.2% from the August 31st total of 1,657 shares. Based on an average trading volume of 14,920 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Schaeffler Price Performance

Shares of Schaeffler stock traded up $0.29 during trading hours on Tuesday, hitting $7.59. The company’s stock had a trading volume of 337 shares, compared to its average volume of 6,225. Schaeffler has a 1-year low of $7.13 and a 1-year high of $14.44. The business has a fifty day moving average of $8.55 and a 200 day moving average of $9.42.

About Schaeffler

Schaeffler AG is a Germany-based global supplier of motion technology products and systems for the automotive and industrial sectors. The company develops and manufactures bearings, precision components, seals, linear technology, and related systems designed to reduce friction and improve the efficiency, reliability, and performance of machinery.

For automotive customers, Schaeffler supplies components and systems for engines, transmissions, chassis, and vehicle electrification. Its portfolio includes clutches, torque converters, transmission components, wheel bearings, chassis systems, and solutions for hybrid and electric vehicles.