Trelleborg AB (publ) (OTCMKTS:TBABF) Sees Significant Increase in Short Interest

Trelleborg AB (publ) (OTCMKTS:TBABFGet Rating) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 21,900 shares, an increase of 90.4% from the May 31st total of 11,500 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

OTCMKTS TBABF opened at $22.32 on Friday. Trelleborg AB has a 1-year low of $22.00 and a 1-year high of $23.57. The company has a 50 day moving average of $22.44 and a 200-day moving average of $23.07.

Separately, Morgan Stanley raised their price target on shares of Trelleborg AB (publ) from SEK 253 to SEK 264 in a research report on Wednesday, April 6th.

Trelleborg AB (publ) Company Profile (Get Rating)

Trelleborg AB (publ) develops, manufactures, and sells engineered polymer solutions for seal, damp, and protect critical applications worldwide. The company offers anti-vibration solutions, including anti-vibration and suspension products, as well as buffers and pads, and cable entry products; boots for transmission, steering gear, and shock absorption applications; bearings and bushings; engineered coated fabrics; engineered molded parts; fenders, docking, and mooring; floatover; and fluid handling solutions.

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