Short Interest in Trelleborg AB (publ) (OTCMKTS:TBABF) Rises By 79.3%

Trelleborg AB (publ) (OTCMKTS:TBABF – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 250,600 shares, a growth of 79.3% from the April 30th total of 139,800 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 2,506.0 days.

Trelleborg AB (publ) Price Performance

Shares of OTCMKTS:TBABF remained flat at $25.98 during midday trading on Friday. The firm’s 50 day moving average is $25.96 and its 200 day moving average is $24.91. Trelleborg AB has a twelve month low of $19.32 and a twelve month high of $25.98.

Analysts Set New Price Targets

Separately, Nordea Equity Research lowered shares of Trelleborg AB (publ) from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th.

Trelleborg AB (publ) Company Profile

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Trelleborg AB engages in the development of polymer technology system. It operates through the following segments: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions, Trelleborg Wheel Systems. The Trelleborg Industrial Solutions segment provides fluid handling solutions, industrial antivibration solutions and niche applications in sealing systems.