Short Interest in Nordex SE (OTCMKTS:NRDXF) Drops By 58.6%

Nordex SE (OTCMKTS:NRDXF) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 281,224 shares, a decline of 58.6% from the April 15th total of 679,452 shares. Based on an average trading volume of 566 shares, the short-interest ratio is presently 496.9 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NRDXF shares. Citigroup reaffirmed a “neutral” rating on shares of Nordex in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordex in a report on Tuesday, April 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Nordex Price Performance

OTCMKTS:NRDXF remained flat at $55.20 during midday trading on Friday. The company had a trading volume of 2 shares, compared to its average volume of 451. Nordex has a 1 year low of $18.83 and a 1 year high of $56.80. The company’s 50 day moving average price is $52.56 and its 200-day moving average price is $41.46.

About Nordex

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.