SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Up 195.7% in June

SGL Carbon SE (OTCMKTS:SGLFF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 6,680 shares, an increase of 195.7% from the May 31st total of 2,259 shares. Based on an average daily trading volume, of 1 shares, the short-interest ratio is presently 6,680.0 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating on shares of SGL Carbon in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

SGL Carbon Trading Down 3.8%

Shares of SGL Carbon stock traded down $0.21 during trading on Friday, reaching $5.25. The company’s stock had a trading volume of 420 shares, compared to its average volume of 1,759. SGL Carbon has a one year low of $3.00 and a one year high of $5.81. The business’s fifty day moving average price is $5.21 and its 200-day moving average price is $4.58.

SGL Carbon Company Profile

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.