SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Down 83.9% in June

SGL Carbon SE (OTCMKTS:SGLFF) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,076 shares, a decrease of 83.9% from the June 15th total of 6,680 shares. Based on an average trading volume of 88 shares, the days-to-cover ratio is presently 12.2 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “hold” rating on shares of SGL Carbon in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

SGL Carbon Price Performance

SGLFF remained flat at $5.25 during trading on Friday. SGL Carbon has a 12 month low of $3.00 and a 12 month high of $5.81. The business’s fifty day moving average is $5.37 and its two-hundred day moving average is $4.72.

SGL Carbon Company Profile

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.