SAF-Holland SE (OTCMKTS:SFHLF) Short Interest Up 261.7% in August

SAF-Holland SE (OTCMKTS:SFHLF) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 5,473 shares, an increase of 261.7% from the July 30th total of 1,513 shares. Based on an average daily volume of 10 shares, the short-interest ratio is presently 547.3 days.

SAF-Holland Price Performance

SAF-Holland stock opened at C$18.11 on Friday. SAF-Holland has a 12 month low of C$16.45 and a 12 month high of C$18.86. The stock has a fifty day simple moving average of C$18.71 and a two-hundred day simple moving average of C$18.81.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SAF-Holland in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, SAF-Holland currently has an average rating of “Hold”.

About SAF-Holland

SAF-Holland SA, trading on the OTC markets under the ticker SFHLF, is an international supplier of chassis-related systems for commercial vehicles. The company’s product portfolio encompasses landing gear, fifth wheel couplings, axles, suspension systems, coupling systems and related electronic components. These components are sold both to original equipment manufacturers (OEMs) of trailers, tractor units and buses as well as to the independent aftermarket, supporting the full life cycle of heavy‐duty vehicles.

SAF-Holland’s origins date back to the 19th and early 20th centuries, when its predecessor entities—SAF in France and Holland Hitch in the United States—began producing mechanical components for transport equipment.