Schaeffler AG (OTCMKTS:SFFLY) Sees Significant Decrease in Short Interest

Schaeffler AG (OTCMKTS:SFFLY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,384 shares, a drop of 64.9% from the June 30th total of 9,632 shares. Based on an average trading volume of 18,291 shares, the short-interest ratio is currently 0.2 days.

Schaeffler Stock Down 0.1%

Shares of SFFLY traded down $0.01 during mid-day trading on Monday, hitting $9.04. 875 shares of the company’s stock were exchanged, compared to its average volume of 6,721. The stock’s 50-day moving average is $10.43 and its 200-day moving average is $10.53. Schaeffler has a fifty-two week low of $5.50 and a fifty-two week high of $14.44.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Schaeffler to a “hold” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Schaeffler presently 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.