SGL Carbon SE (OTCMKTS:SGLFF – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,076 shares, a decrease of 83.9% from the June 15th total of 6,680 shares. Based on an average daily volume of 88 shares, the days-to-cover ratio is presently 12.2 days.
SGL Carbon Price Performance
OTCMKTS SGLFF remained flat at $5.25 on Friday. The firm has a 50 day moving average of $5.37 and a 200 day moving average of $4.72. SGL Carbon has a 1-year low of $3.00 and a 1-year high of $5.81.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, SGL Carbon currently has an average rating of “Hold”.
About SGL Carbon
SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.
The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.
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