SGL Carbon SE (OTCMKTS:SGLFF) Sees Significant Drop in Short Interest

SGL Carbon SE (OTCMKTS:SGLFF) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 967 shares, a decline of 95.0% from the January 15th total of 19,338 shares. Based on an average daily volume of 2,784 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 2,784 shares, the days-to-cover ratio is currently 0.3 days.

SGL Carbon Stock Performance

SGLFF opened at $4.85 on Wednesday. The firm has a fifty day moving average price of $3.96 and a 200 day moving average price of $3.86. SGL Carbon has a 1 year low of $3.00 and a 1 year high of $4.90.

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.