Nagarro SE (OTCMKTS:NGRRF – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 22,537 shares, a decline of 38.8% from the August 31st total of 36,837 shares. Based on an average daily volume of 2,042 shares, the days-to-cover ratio is presently 11.0 days.
Nagarro Stock Performance
Nagarro stock remained flat at $88.80 during midday trading on Thursday. The company had a trading volume of 5 shares, compared to its average volume of 856. The firm has a fifty day moving average price of $89.71 and a 200-day moving average price of $68.62. Nagarro has a 52-week low of $38.58 and a 52-week high of $92.72.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group downgraded shares of Nagarro to a “hold” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.
Nagarro Company Profile
Nagarro SE is a global digital engineering and technology services company that helps organizations develop, modernize and operate digital products and technology platforms. Its services include software engineering, cloud and infrastructure solutions, artificial intelligence and data analytics, enterprise resource planning, customer experience design, quality assurance, and technology consulting.
The company serves clients across industries such as automotive, manufacturing, financial services, healthcare, retail and telecommunications.
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