Schaeffler AG (OTCMKTS:SFFLY) Sees Significant Decrease in Short Interest

Schaeffler AG (OTCMKTS:SFFLY – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,384 shares, a drop of 64.9% from the June 30th total of 9,632 shares. Based on an average daily trading volume, of 18,291 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Schaeffler to a “hold” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

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Schaeffler Trading Down 0.1%

Shares of Schaeffler stock traded down $0.01 on Monday, reaching $9.04. 875 shares of the stock were exchanged, compared to its average volume of 6,721. Schaeffler has a 1-year low of $5.50 and a 1-year high of $14.44. The business has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $10.53.

Schaeffler Company Profile

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Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.

In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.

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