Schweiter Technologies AG (OTCMKTS:SCWTF) Sees Significant Increase in Short Interest

Schweiter Technologies AG (OTCMKTS:SCWTF) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 811 shares, an increase of 6,658.3% from the February 26th total of 12 shares. Based on an average daily volume of 2 shares, the days-to-cover ratio is presently 405.5 days. Based on an average daily volume of 2 shares, the days-to-cover ratio is presently 405.5 days.

Wall Street Analysts Forecast Growth

Separately, Baader Bank lowered shares of Schweiter Technologies to a “reduce” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Schweiter Technologies Price Performance

SCWTF stock opened at $327.95 on Wednesday. The stock has a 50-day moving average price of $563.77 and a 200-day moving average price of $577.53. 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.