Short Interest in Friedrich Vorwerk Group SE (OTCMKTS:FRVWY) Expands By 566.7%

Friedrich Vorwerk Group SE (OTCMKTS:FRVWY – Get Free Report) was the target of a significant increase in short interest in 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 trading volume, of 123 shares, the days-to-cover ratio is presently 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 report on Monday, July 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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Friedrich Vorwerk Group Stock Performance

Friedrich Vorwerk Group stock remained flat at $20.36 during midday trading on Friday. Friedrich Vorwerk Group has a fifty-two week low of $18.56 and a fifty-two week high of $30.50. The company has a 50 day moving average price of $19.90 and a 200-day moving average price of $20.78.

About Friedrich Vorwerk Group

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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.

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