Seeing Machines Limited (OTCMKTS:SEEMF) Short Interest Up 553.3% in May

Seeing Machines Limited (OTCMKTS:SEEMFGet Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 19,600 shares, a growth of 553.3% from the April 30th total of 3,000 shares. Based on an average daily trading volume, of 128,000 shares, the days-to-cover ratio is presently 0.2 days.

Shares of Seeing Machines stock traded down $0.00 on Wednesday, reaching $0.08. The company’s stock had a trading volume of 16,000 shares, compared to its average volume of 56,696. The firm’s fifty day simple moving average is $0.10 and its two-hundred day simple moving average is $0.12. Seeing Machines has a 52 week low of $0.08 and a 52 week high of $0.17.

Separately, Berenberg Bank initiated coverage on Seeing Machines in a report on Tuesday, February 22nd. They issued a “buy” rating for the company.

About Seeing Machines (Get Rating)

Seeing Machines Limited, together with its subsidiaries, provides driver monitoring technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries.

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