Wacker Neuson SE (OTCMKTS:WKRCF – Get Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 2,400 shares, a decrease of 36.8% from the April 30th total of 3,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 24.0 days.
OTCMKTS WKRCF opened at $20.15 on Friday. Wacker Neuson has a 52-week low of $20.00 and a 52-week high of $35.15. The company has a 50-day simple moving average of $22.62 and a 200 day simple moving average of $27.72.
Separately, Jefferies Financial Group raised shares of Wacker Neuson from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, February 21st.
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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