Essentra (OTCMKTS:FLRAF) Shares Shorted: Short Interest Down 35.8% in September

Essentra (OTCMKTS:FLRAF) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 68,573 shares, a decline of 35.8% from the August 31st total of 106,779 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Approximately 0.0% of the company’s shares are sold short.

Essentra Stock Performance

Shares of FLRAF opened at $1.45 on Thursday. The business’s 50-day moving average is $1.41 and its 200-day moving average is $1.28. Essentra has a fifty-two week low of $1.10 and a fifty-two week high of $1.50.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating on shares of Essentra in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Essentra has a consensus rating of “Buy”.

About Essentra

Essentra plc is a United Kingdom-based manufacturer and distributor of essential components used in industrial and commercial products. The company supplies a broad range of plastic, rubber and metal components, including protective caps and plugs, cable-management products, fasteners, PCB supports, access hardware, handles, knobs and other molded or machined parts.

Essentra serves manufacturers across industries such as electronics, healthcare, automotive, aerospace, machinery, construction and general industrial equipment.