Nordex SE (OTCMKTS:NRDXF – Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 1,367,561 shares, an increase of 21.2% from the December 31st total of 1,128,521 shares. Based on an average trading volume of 48 shares, the days-to-cover ratio is currently 28,490.9 days. Based on an average trading volume of 48 shares, the days-to-cover ratio is currently 28,490.9 days.
Nordex Stock Performance
Shares of NRDXF opened at $40.99 on Tuesday. The company’s fifty day moving average is $34.57 and its 200-day moving average is $28.67. Nordex has a 12 month low of $11.56 and a 12 month high of $40.99.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a report on Wednesday, October 29th. Royal Bank Of Canada reissued an “underperform” rating on shares of Nordex in a research note on Tuesday, November 25th. Santander cut shares of Nordex to a “neutral” rating in a report on Monday, October 27th. Citigroup reiterated a “buy” rating on shares of Nordex in a report on Friday, October 10th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Nordex in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nordex presently has a consensus rating of “Hold”.
Nordex Company Profile
Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.
In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.
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