Short Interest in Traton SE (OTCMKTS:TRATF) Increases By 26.7%

Traton SE (OTCMKTS:TRATFGet Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 43,600 shares, an increase of 26.7% from the March 31st total of 34,400 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is currently 36.3 days.

Shares of Traton stock opened at $16.97 on Monday. Traton has a twelve month low of $16.22 and a twelve month high of $34.00. The company’s fifty day moving average is $18.61 and its 200 day moving average is $22.85.

TRATF has been the subject of several research analyst reports. Stifel Nicolaus downgraded shares of Traton from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Citigroup cut shares of Traton from a “buy” rating to a “neutral” rating in a research note on Friday, April 1st. JPMorgan Chase & Co. decreased their target price on shares of Traton from €30.00 ($32.26) to €24.50 ($26.34) and set a “neutral” rating on the stock in a research note on Thursday, April 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Traton from €35.00 ($37.63) to €33.00 ($35.48) in a research note on Tuesday, April 5th. Finally, Jefferies Financial Group cut shares of Traton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.75.

About Traton (Get Rating)

Traton SE manufactures commercial vehicles worldwide. It operates in Industrial Business and Financial Services segments. The company offers light and heavy-duty commercial vehicles, such as trucks and bus chassis; vans; construction vehicles; city buses; and intercity and travel coaches, as well as spare parts and services.

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