Short Interest in Schaeffler AG (OTCMKTS:SFFLY) Decreases By 48.8%

Schaeffler AG (OTCMKTS:SFFLY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,587 shares, a decline of 48.8% from the May 14th total of 7,006 shares. Based on an average trading volume of 7,393 shares, the short-interest ratio is presently 0.5 days.

Schaeffler Price Performance

OTCMKTS:SFFLY opened at $10.40 on Friday. The company has a 50 day moving average price of $10.40 and a 200-day moving average price of $10.32. Schaeffler has a 1-year low of $4.71 and a 1-year high of $14.44.

Schaeffler Company Profile

Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.

In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.