SGL Carbon SE (OTCMKTS:SGLFF) Sees Large Decrease in Short Interest

SGL Carbon SE (OTCMKTS:SGLFF) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,076 shares, a decline of 83.9% from the June 15th total of 6,680 shares. Based on an average daily volume of 88 shares, the days-to-cover ratio is currently 12.2 days.

SGL Carbon Price Performance

OTCMKTS SGLFF remained flat at $5.25 during trading on Monday. The stock’s fifty day simple moving average is $5.37 and its two-hundred day simple moving average is $4.73. SGL Carbon has a twelve month low of $3.00 and a twelve month high of $5.81.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About SGL Carbon

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.