Nagarro SE (OTCMKTS:NGRRF) Short Interest Update

Nagarro SE (OTCMKTS:NGRRF) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 36,837 shares, a decrease of 37.6% from the August 15th total of 59,064 shares. Based on an average daily trading volume, of 179 shares, the short-interest ratio is presently 205.8 days.

Nagarro Price Performance

NGRRF stock remained flat at $89.68 during mid-day trading on Wednesday. 10 shares of the company’s stock traded hands, compared to its average volume of 912. The business has a fifty day simple moving average of $89.10 and a 200 day simple moving average of $66.33. Nagarro has a 1 year low of $38.58 and a 1 year high of $92.72.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded Nagarro to a “hold” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Nagarro presently has an average rating of “Hold”.

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.