Short Interest in Wacker Neuson SE (OTCMKTS:WKRCF) Drops By 20.8%

Wacker Neuson SE (OTCMKTS:WKRCFGet Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 3,800 shares, a drop of 20.8% from the April 15th total of 4,800 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 38.0 days.

OTCMKTS WKRCF opened at $20.15 on Monday. The firm has a 50 day simple moving average of $24.49 and a 200-day simple moving average of $28.55. Wacker Neuson has a one year low of $20.00 and a one year high of $35.15.

Separately, Jefferies Financial Group raised shares of Wacker Neuson from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, February 21st.

About Wacker Neuson (Get Rating)

Wacker Neuson SE manufactures and distributes light and compact equipment under the Wacker Neuson, Kramer, and Weidemann brand names in Europe, the Americas, and the Asia-Pacific. It operates through three segments: Light Equipment, Compact Equipment, and Services. The company offers internal and external vibrators for concrete compaction; trowels and screeds for concrete finishing; rammers, vibratory plates, and rollers for soil compaction; demolition products and saws; lighting; generators; pumps; and heaters.

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