SGL Carbon SE (OTCMKTS:SGLFF) Sees Significant Growth in Short Interest

SGL Carbon SE (OTCMKTS:SGLFFGet Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,360 shares, a growth of 105.1% from the April 15th total of 1,638 shares. Based on an average trading volume of 12 shares, the short-interest ratio is currently 280.0 days.

SGL Carbon Trading Down 5.3%

Shares of OTCMKTS SGLFF opened at $5.50 on Friday. The firm’s fifty day moving average is $4.44 and its two-hundred day moving average is $4.22. SGL Carbon has a 52-week low of $3.00 and a 52-week high of $5.81.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SGLFF shares. Jefferies Financial Group reiterated a “hold” rating on shares of SGL Carbon in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Report on SGL Carbon

About SGL Carbon

(Get Free Report)

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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