Nemetschek SE (OTCMKTS:NEMTF) Short Interest Update

Nemetschek SE (OTCMKTS:NEMTFGet Rating) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 467,400 shares, a drop of 18.0% from the October 15th total of 570,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 4,674.0 days.

Nemetschek Stock Performance

OTCMKTS NEMTF opened at $48.25 on Monday. The business has a 50 day simple moving average of $58.19 and a two-hundred day simple moving average of $64.85. Nemetschek has a 1-year low of $47.50 and a 1-year high of $48.25.

Analyst Upgrades and Downgrades

NEMTF has been the subject of several research analyst reports. Morgan Stanley cut their target price on Nemetschek from €72.50 ($72.50) to €61.25 ($61.25) in a research report on Monday, October 17th. Deutsche Bank Aktiengesellschaft cut their target price on Nemetschek from €75.00 ($75.00) to €55.00 ($55.00) in a research report on Thursday, October 6th. Berenberg Bank cut their target price on Nemetschek from €69.00 ($69.00) to €55.00 ($55.00) and set a “hold” rating for the company in a research report on Tuesday, October 18th. Finally, Barclays cut their target price on Nemetschek from €70.00 ($70.00) to €57.00 ($57.00) in a research report on Thursday, October 6th.

About Nemetschek

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Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media & Entertainment. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Data Design System, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.

Further Reading

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