Schweiter Technologies AG (OTCMKTS:SCWTF) Short Interest Update

Schweiter Technologies AG (OTCMKTS:SCWTF) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,376 shares, a growth of 69.7% from the March 15th total of 811 shares. Based on an average daily trading volume, of 5 shares, the short-interest ratio is presently 275.2 days.

Wall Street Analyst Weigh In

Separately, Baader Bank cut Schweiter Technologies to a “reduce” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Schweiter Technologies presently has an average rating of “Sell”.

Schweiter Technologies Price Performance

Shares of OTCMKTS SCWTF opened at $327.95 on Tuesday. The stock has a fifty day moving average price of $491.80 and a 200 day moving average price of $552.18. Schweiter Technologies has a 1-year low of $327.95 and a 1-year high of $585.00.

About Schweiter Technologies

Schweiter Technologies AG, trading as OTCMKTS:SCWTF, is a Swiss engineering group specializing in the design, manufacture and servicing of machinery for the floor covering and specialty textiles industries. Its core product lines include tufting machines for carpet and artificial turf production, coating and laminating equipment for technical textiles, and finishing lines that integrate drying, heat-setting and inspection. The company also offers digital process control systems, automation solutions and retrofitting services aimed at optimizing production efficiency and quality for its customers.

Headquartered in Altstätten, Switzerland, Schweiter Technologies serves a global customer base through a network of subsidiaries, sales offices and service centers across Europe, North America and Asia.