SAF-Holland SE (OTCMKTS:SFHLF) Stock Short Interest Falls 71.7%

SAF-Holland SE (OTCMKTS:SFHLF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,192 shares, a drop of 71.7% from the September 15th total of 4,219 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analyst Weigh In

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

SAF-Holland Stock Performance

Shares of SAF-Holland stock opened at C$18.86 on Monday. The firm has a fifty day simple moving average of C$18.37 and a 200-day simple moving average of C$18.69. SAF-Holland has a 1-year low of C$16.45 and a 1-year high of C$18.86.

SAF-Holland Company Profile

SAF-Holland SE is a Germany-based manufacturer of components and systems for commercial vehicles. The company supplies equipment used in trucks, trailers, buses and other heavy-duty transportation applications, with products designed to support vehicle mobility, load handling, safety and operating efficiency.

Its product portfolio includes trailer and truck axles, suspension systems, fifth-wheel couplings, kingpins, landing legs and other coupling and connection components. SAF-Holland also offers related replacement parts, service solutions and technologies for commercial vehicle fleets and manufacturers.

The company was formed in 2006 through the combination of SAF, a German trailer-axle manufacturer, and Holland Group, a North American producer of fifth-wheel and coupling systems.