Nordex SE (OTCMKTS:NRDXF – Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 281,224 shares, a drop of 58.6% from the April 15th total of 679,452 shares. Based on an average daily trading volume, of 566 shares, the days-to-cover ratio is presently 496.9 days.
Nordex Price Performance
Shares of Nordex stock remained flat at $55.20 during trading on Friday. Nordex has a one year low of $18.83 and a one year high of $56.80. The stock’s 50 day moving average price is $52.70 and its two-hundred day moving average price is $41.56.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Citigroup reiterated a “neutral” rating on shares of Nordex in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordex in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
About Nordex
Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.
In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.
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