Short Interest in Forvia SE (OTCMKTS:FURCF) Drops By 16.1%

Forvia SE (OTCMKTS:FURCF) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 224,300 shares, a decline of 16.1% from the March 31st total of 267,300 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 747.7 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Forvia in a report on Monday, March 3rd.

Forvia Price Performance

FURCF stock opened at $7.46 on Monday. Forvia has a twelve month low of $6.26 and a twelve month high of $16.64. The company’s 50 day moving average is $8.56 and its two-hundred day moving average is $9.16.

About Forvia

Forvia SE, together with its subsidiaries, manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally. It operates through Seating, Clean Mobility, Electronics, Lighting, and Lifecycle Solutions segments. The Seating segment designs and manufactures vehicle seats, seating frames, and comfort solutions, as well as adjustment mechanisms.