Nordex SE (OTCMKTS:NRDXF) Short Interest Update

Nordex SE (OTCMKTS:NRDXF) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,367,561 shares, an increase of 21.2% from the December 31st total of 1,128,521 shares. Based on an average daily volume of 48 shares, the days-to-cover ratio is presently 28,490.9 days. Based on an average daily volume of 48 shares, the days-to-cover ratio is presently 28,490.9 days.

Nordex Price Performance

Shares of NRDXF opened at $40.99 on Thursday. The stock’s fifty day simple moving average is $34.99 and its 200-day simple moving average is $28.89. Nordex has a 12-month low of $11.56 and a 12-month high of $40.99.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Nordex in a research note on Friday, October 10th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Nordex in a research note on Tuesday, November 25th. Santander downgraded Nordex to a “neutral” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordex in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a research note on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.