SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Up 105.1% in April

SGL Carbon SE (OTCMKTS:SGLFF) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 3,360 shares, an increase of 105.1% from the April 15th total of 1,638 shares. Based on an average trading volume of 12 shares, the days-to-cover ratio is currently 280.0 days.

SGL Carbon Stock Down 5.3%

Shares of OTCMKTS:SGLFF traded down $0.31 during mid-day trading on Friday, hitting $5.50. 481 shares of the company traded hands, compared to its average volume of 2,110. SGL Carbon has a 12-month low of $3.00 and a 12-month high of $5.81. The stock has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $4.22.

Analyst Ratings Changes

SGLFF has been the subject of several recent research reports. Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SGL Carbon in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, SGL Carbon currently has a consensus rating of “Hold”.

About SGL Carbon

SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.