Schaeffler AG (OTCMKTS:SFFLY) Short Interest Up ∞ in August

Schaeffler AG (OTCMKTS:SFFLY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,549 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily trading volume, of 3,451 shares, the days-to-cover ratio is presently 0.4 days.

Schaeffler Trading Down 0.3%

Shares of OTCMKTS SFFLY traded down $0.03 during trading on Monday, reaching $8.70. The stock had a trading volume of 30,942 shares, compared to its average volume of 6,355. Schaeffler has a fifty-two week low of $6.40 and a fifty-two week high of $14.44. The business’s 50-day moving average price is $9.16 and its 200-day moving average price is $9.91.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.