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

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 565 shares, a decline of 46.4% from the July 15th total of 1,055 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

SGL Carbon Price Performance

SGL Carbon stock opened at $5.32 on Tuesday. SGL Carbon has a 1-year low of $3.00 and a 1-year high of $5.81. The firm’s 50 day simple moving average is $5.03 and its 200 day simple moving average is $4.86.

Analyst Ratings Changes

Several brokerages have recently weighed in on SGLFF. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a research report on Friday, August 7th. Jefferies Financial Group reissued a “hold” rating on shares of SGL Carbon in a report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.