Schaeffler AG (OTCMKTS:SFFLY) Sees Large Growth in Short Interest

Schaeffler AG (OTCMKTS:SFFLY – Get Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,549 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily trading volume, of 3,451 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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Schaeffler Price Performance

Shares of SFFLY opened at $8.73 on Friday. The company’s 50-day moving average is $9.16 and its 200-day moving average is $9.93. Schaeffler has a fifty-two week low of $6.40 and a fifty-two week high of $14.44.

About Schaeffler

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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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