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

SGL Carbon SE (OTCMKTS:SGLFFGet Rating) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 6,000 shares, a decline of 16.7% from the May 15th total of 7,200 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 20.0 days.

SGL Carbon stock traded down $0.72 during mid-day trading on Friday, hitting $6.98. The company had a trading volume of 200 shares, compared to its average volume of 794. The stock’s 50 day moving average price is $5.99 and its two-hundred day moving average price is $6.88. SGL Carbon has a 12 month low of $5.14 and a 12 month high of $12.62.

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on SGL Carbon from €7.40 ($7.71) to €7.80 ($8.13) in a research report on Thursday, June 9th.

SGL Carbon Company Profile (Get Rating)

SGL Carbon SE, together with its subsidiaries, engages in the manufacture and sale of carbon fiber and specialty graphite products in Germany, rest of Europe, the United States, China, Asia, Latin America, Africa, and Australia. The company operates in Graphite Solutions; Process Technology; Caron Fibers; and Composite Solutions segment.

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