Danieli & C. Officine Meccaniche S.p.A. (OTCMKTS:DNIEF) Sees Significant Growth in Short Interest

Danieli & C. Officine Meccaniche S.p.A. (OTCMKTS:DNIEF) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 16,070 shares, an increase of 47.4% from the August 31st total of 10,906 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ? days.

Danieli & C. Officine Meccaniche Stock Performance

Shares of Danieli & C. Officine Meccaniche stock remained flat at $20.08 during trading hours on Thursday. Danieli & C. Officine Meccaniche has a 1-year low of $19.95 and a 1-year high of $20.70. The stock has a 50-day simple moving average of $20.08 and a two-hundred day simple moving average of $20.08.

Danieli & C. Officine Meccaniche Company Profile

Danieli & C. Officine Meccaniche S.p.A. is an Italian engineering and manufacturing company that designs and supplies equipment and complete production plants for the global iron and steel industry. Headquartered in Buttrio, Italy, the company serves steel producers and industrial customers in Europe, the Americas, Asia, the Middle East and other international markets.

Its products and services cover much of the steelmaking process, including electric-arc furnaces and other melting equipment, continuous casting machines, rolling mills, reheating furnaces, treatment and finishing lines, material-handling systems, and plant automation.