Short Interest in Palfinger AG (OTCMKTS:PLFRY) Declines By 66.7%

Palfinger AG (OTCMKTS:PLFRYGet Rating) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decline of 66.7% from the March 31st total of 300 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 1.0 days.

Shares of PLFRY opened at $30.50 on Thursday. The business’s 50-day moving average price is $31.99 and its 200-day moving average price is $36.84. Palfinger has a twelve month low of $30.47 and a twelve month high of $39.25.

The business also recently disclosed a dividend, which was paid on Monday, April 11th. Investors of record on Tuesday, March 29th were given a $0.5891 dividend. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 28th.

A number of brokerages recently weighed in on PLFRY. UBS Group cut their price target on shares of Palfinger from €39.00 ($41.94) to €38.00 ($40.86) in a report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Palfinger from €42.00 ($45.16) to €38.00 ($40.86) in a report on Thursday, March 24th.

About Palfinger (Get Rating)

Palfinger AG produces and sells crane and lifting solutions worldwide. It offers loader cranes, timber and recycling cranes, knuckle boom cranes, telescopic cranes, stiff boom cranes, winches and offshore equipment, offshore cranes, davit systems, boats, wind cranes, hooklifts, access platforms, tail lifts, passenger lifts, mobile cranes, truck mounted forklifts, railway systems, rope access, bridge inspection units, skiploaders, and lifesaving equipment.

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