Short Interest in SGL Carbon SE (OTCMKTS:SGLFF) Drops By 54.4%

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 441 shares, a decrease of 54.4% from the January 29th total of 967 shares. Based on an average daily trading volume, of 1,874 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,874 shares, the short-interest ratio is presently 0.2 days.

SGL Carbon Price Performance

Shares of SGL Carbon stock opened at $4.85 on Friday. The stock has a 50 day moving average of $4.47 and a 200 day moving average of $3.96. SGL Carbon has a 12 month low of $3.00 and a 12 month high of $5.70.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGL Carbon in a research note on Tuesday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

About SGL Carbon

SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.