SGL Carbon SE (OTCMKTS:SGLFF – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,069 shares, a growth of 70.7% from the September 30th total of 2,969 shares. Based on an average daily volume of 285 shares, the short-interest ratio is presently 17.8 days.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SGL Carbon in a report on Friday, August 7th. Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a report on Thursday, October 8th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Report on SGL Carbon
SGL Carbon Price Performance
SGLFF opened at $5.53 on Tuesday. SGL Carbon has a 12 month low of $3.00 and a 12 month high of $6.14. The company has a 50 day moving average of $5.24 and a 200 day moving average of $4.92.
About SGL Carbon
SGL Carbon SE is a Germany-based manufacturer of carbon-based materials and products. The company develops and produces graphite, carbon fibers, carbon-fiber-reinforced composites and related specialty materials designed to withstand high temperatures, corrosion and demanding mechanical conditions.
Its products are used in a range of industrial applications, including semiconductor and solar manufacturing, chemicals, industrial furnaces, automotive components, aerospace structures, wind energy and other transportation and energy technologies.
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