Nordex SE (OTCMKTS:NRDXF) Short Interest Update

Nordex SE (OTCMKTS:NRDXF) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,722,300 shares, a decrease of 35.7% from the September 30th total of 2,678,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 17,223.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is currently 17,223.0 days.

Wall Street Analyst Weigh In

NRDXF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordex in a report on Wednesday, October 29th. Santander downgraded Nordex to a “neutral” rating in a report on Monday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Nordex in a report on Friday, October 10th. Finally, Royal Bank Of Canada began coverage on Nordex in a report on Thursday, October 9th. They set an “underperform” rating on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nordex Price Performance

OTCMKTS:NRDXF opened at $30.28 on Tuesday. The business’s 50 day moving average is $24.92 and its two-hundred day moving average is $21.18. Nordex has a 52 week low of $11.30 and a 52 week high of $30.52.

About Nordex

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. It operates in Projects and Services segments. The company provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations.