Schaeffler AG (OTCMKTS:SFFLY – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,019 shares, a growth of 82.2% from the August 31st total of 1,657 shares. Based on an average trading volume of 14,920 shares, the short-interest ratio is currently 0.2 days.
Schaeffler Stock Performance
SFFLY stock traded up $0.29 on Tuesday, hitting $7.59. 337 shares of the company were exchanged, compared to its average volume of 6,225. Schaeffler has a twelve month low of $7.13 and a twelve month high of $14.44. The business’s fifty day moving average is $8.55 and its two-hundred day moving average is $9.42.
Analysts Set New Price Targets
Separately, Zacks Research raised Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
About Schaeffler
Schaeffler AG is a Germany-based global supplier of motion technology products and systems for the automotive and industrial sectors. The company develops and manufactures bearings, precision components, seals, linear technology, and related systems designed to reduce friction and improve the efficiency, reliability, and performance of machinery.
For automotive customers, Schaeffler supplies components and systems for engines, transmissions, chassis, and vehicle electrification. Its portfolio includes clutches, torque converters, transmission components, wheel bearings, chassis systems, and solutions for hybrid and electric vehicles.
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