SGL Carbon SE (OTCMKTS:SGLFF) Stock Short Interest Rises 63.6%

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,969 shares, a growth of 63.6% from the September 15th total of 1,815 shares. Based on an average daily trading volume, of 145 shares, the days-to-cover ratio is currently 20.5 days.

Analysts Set New Price Targets

SGLFF has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of SGL Carbon in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a research note on Friday, August 7th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, SGL Carbon has a consensus rating of “Hold”.

SGL Carbon Price Performance

Shares of SGLFF opened at $6.10 on Friday. The business’s 50 day moving average price is $5.05 and its 200-day moving average price is $4.98. SGL Carbon has a 52 week low of $3.00 and a 52 week high of $6.14.

SGL Carbon Company Profile

SGL Carbon SE is a Germany-based manufacturer of carbon-based materials and products. The company develops and produces graphite, carbon fibers, composite materials and expanded graphite for applications that require high temperature resistance, electrical conductivity, light weight or chemical durability.

Its products are used in a range of industries, including semiconductor and solar manufacturing, battery technology, chemicals, industrial equipment, automotive, aerospace, wind energy and other mobility applications.