SAF-Holland SE (OTCMKTS:SFHLF) Sees Large Decline in Short Interest

SAF-Holland SE (OTCMKTS:SFHLF) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,513 shares, a decrease of 93.3% from the July 15th total of 22,646 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

SAF-Holland Stock Performance

Shares of SFHLF stock remained flat at C$18.86 during trading hours on Thursday. SAF-Holland has a 12 month low of C$16.45 and a 12 month high of C$18.86. The company’s 50-day simple moving average is C$18.86 and its 200-day simple moving average is C$18.86.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SAF-Holland in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

SAF-Holland Company Profile

SAF-Holland SA, trading on the OTC markets under the ticker SFHLF, is an international supplier of chassis-related systems for commercial vehicles. The company’s product portfolio encompasses landing gear, fifth wheel couplings, axles, suspension systems, coupling systems and related electronic components. These components are sold both to original equipment manufacturers (OEMs) of trailers, tractor units and buses as well as to the independent aftermarket, supporting the full life cycle of heavy‐duty vehicles.

SAF-Holland’s origins date back to the 19th and early 20th centuries, when its predecessor entities—SAF in France and Holland Hitch in the United States—began producing mechanical components for transport equipment.