Bilfinger SE (OTCMKTS:BFLBY) Stock Short Interest Jumps 156.5%

Bilfinger SE (OTCMKTS:BFLBY) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,475 shares, a growth of 156.5% from the October 15th total of 965 shares. Based on an average daily volume of 315 shares, the short-interest ratio is currently 7.9 days.

Bilfinger Price Performance

OTCMKTS BFLBY traded down $0.16 during mid-day trading on Friday, reaching $13.66. 289 shares of the company’s stock traded hands, compared to its average volume of 3,011. Bilfinger has a 1-year low of $11.90 and a 1-year high of $31.30. The company has a fifty day simple moving average of $13.98 and a 200-day simple moving average of $20.20.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Bilfinger to a “buy” rating in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Bilfinger presently has an average rating of “Buy”.

About Bilfinger

Bilfinger SE is a Germany-based industrial services provider that helps customers plan, maintain, and improve industrial facilities. Its services include engineering and consulting, plant maintenance, repair and construction, as well as services such as insulation, scaffolding, piping, and electrical and instrumentation work. The company serves process industries including chemicals, energy, oil and gas, pharmaceuticals, and manufacturing. Its work also includes supporting customers’ efforts to improve energy efficiency and reduce emissions.