Forvia SE (OTCMKTS:FURCF – Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 327,700 shares, a decline of 27.6% from the February 13th total of 452,500 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 819.3 days.
Forvia Trading Up 11.2 %
Shares of Forvia stock opened at $9.94 on Tuesday. The company has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $9.59. Forvia has a 1 year low of $8.24 and a 1 year high of $16.64.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Forvia in a report on Monday, March 3rd.
About Forvia
Forvia SE, together with its subsidiaries, manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally. It operates through Seating, Clean Mobility, Electronics, Lighting, and Lifecycle Solutions segments. The Seating segment designs and manufactures vehicle seats, seating frames, and comfort solutions, as well as adjustment mechanisms.
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