Short Interest in SGL Carbon SE (OTCMKTS:SGLFF) Grows By 560.0%

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,650 shares, an increase of 560.0% from the February 26th total of 250 shares. Based on an average daily volume of 6 shares, the short-interest ratio is presently 275.0 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGL Carbon in a report on Tuesday, February 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

SGL Carbon Stock Performance

SGL Carbon stock opened at $3.62 on Thursday. SGL Carbon has a 12-month low of $3.00 and a 12-month high of $5.70. The firm’s fifty day moving average is $4.65 and its 200 day moving average is $4.04.

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.