Dowlais Group plc (OTCMKTS:DWLAF) Short Interest Update

Dowlais Group plc (OTCMKTS:DWLAF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 9,000 shares, an increase of 8,900.0% from the August 15th total of 100 shares. Based on an average trading volume of 13,700 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

DWLAF has been the subject of a number of analyst reports. Citigroup assumed coverage on shares of Dowlais Group in a research report on Tuesday, July 11th. They issued a “sell” rating for the company. Jefferies Financial Group upped their price target on shares of Dowlais Group from GBX 155 ($1.94) to GBX 175 ($2.19) in a research report on Monday, July 17th.

Dowlais Group Stock Performance

Shares of DWLAF remained flat at $1.56 during mid-day trading on Wednesday. Dowlais Group has a 1 year low of $0.00 and a 1 year high of $1.72. The company has a 50 day moving average price of $1.25.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.