Nemetschek SE (OTCMKTS:NEMTF) Sees Significant Growth in Short Interest

Nemetschek SE (OTCMKTS:NEMTF) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 318,729 shares, a growth of 51.6% from the December 31st total of 210,289 shares. Based on an average trading volume of 272 shares, the days-to-cover ratio is presently 1,171.8 days. Based on an average trading volume of 272 shares, the days-to-cover ratio is presently 1,171.8 days.

Nemetschek Stock Performance

OTCMKTS:NEMTF opened at $105.92 on Monday. Nemetschek has a twelve month low of $105.56 and a twelve month high of $107.89. The company has a fifty day moving average of $119.95 and a 200-day moving average of $136.70.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NEMTF shares. BNP Paribas Exane raised shares of Nemetschek from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nemetschek in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Nemetschek Company Profile

Nemetschek SE is a Munich-based software developer specializing in solutions for the architecture, engineering and construction (AEC) industries as well as the media and entertainment sectors. The company’s platforms encompass computer-aided design (CAD), building information modeling (BIM), visualisation and project management, enabling stakeholders across planning, design, construction and operation to collaborate on complex building and infrastructure projects.

Founded in 1963 by Prof.