Jungheinrich AG (OTCMKTS:JGHAF) Stock Short Interest Report for October

Jungheinrich AG (OTCMKTS:JGHAF) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 117,531 shares, a growth of 88.3% from the September 30th total of 62,429 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ? days.

Analysts Set New Price Targets

Separately, UBS Group initiated coverage on shares of Jungheinrich in a report on Tuesday, October 13th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Jungheinrich Stock Performance

OTCMKTS JGHAF opened at $28.85 on Friday. The business’s 50-day moving average price is $28.85 and its two-hundred day moving average price is $33.66. Jungheinrich has a 12 month low of $28.85 and a 12 month high of $41.11.

About Jungheinrich

Jungheinrich AG is a Germany-based provider of intralogistics solutions for warehouses, distribution centers and industrial operations. The company develops and supplies material-handling equipment, including electric and industrial forklifts, pallet trucks, reach trucks, order pickers and other warehouse vehicles.

In addition to equipment, Jungheinrich provides warehouse automation and robotics, racking and storage systems, fleet-management software, maintenance, spare parts, rental services and other support solutions.