Nagarro SE (OTCMKTS:NGRRF) Sees Large Drop in Short Interest

Nagarro SE (OTCMKTS:NGRRF) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 154,140 shares, a drop of 31.5% from the February 26th total of 224,895 shares. Based on an average daily volume of 269 shares, the short-interest ratio is currently 573.0 days.

Nagarro Stock Down 0.4%

Nagarro stock opened at $50.63 on Friday. The firm’s fifty day moving average price is $68.40 and its two-hundred day moving average price is $70.58. Nagarro has a 1-year low of $49.84 and a 1-year high of $92.73.

Nagarro Company Profile

Nagarro SE (OTCMKTS:NGRRF) is a global digital engineering and technology consultancy firm headquartered in Munich, Germany. Established in 1996, the company partners with clients to drive enterprise digital transformation by offering end-to-end product design and software development services. It leverages an agile, innovation-driven approach to tackle complex business challenges and accelerate time to market.

Nagarro’s core offerings include digital product engineering, data and AI services, cloud and DevOps solutions, and enterprise application development.