Schweiter Technologies AG (OTCMKTS:SCWTF) Short Interest Update

Schweiter Technologies AG (OTCMKTS:SCWTF) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 811 shares, an increase of 6,658.3% from the February 26th total of 12 shares. Based on an average daily volume of 2 shares, the days-to-cover ratio is presently 405.5 days. Based on an average daily volume of 2 shares, the days-to-cover ratio is presently 405.5 days.

Analyst Ratings Changes

Separately, Baader Bank lowered Schweiter Technologies to a “reduce” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Schweiter Technologies Price Performance

Shares of OTCMKTS SCWTF remained flat at $327.95 during midday trading on Tuesday. The company’s 50-day moving average is $568.91 and its 200-day moving average is $579.34. Schweiter Technologies has a 12 month low of $327.95 and a 12 month high of $585.00.

About Schweiter Technologies

Schweiter Technologies AG, trading as OTCMKTS:SCWTF, is a Swiss engineering group specializing in the design, manufacture and servicing of machinery for the floor covering and specialty textiles industries. Its core product lines include tufting machines for carpet and artificial turf production, coating and laminating equipment for technical textiles, and finishing lines that integrate drying, heat-setting and inspection. The company also offers digital process control systems, automation solutions and retrofitting services aimed at optimizing production efficiency and quality for its customers.

Headquartered in Altstätten, Switzerland, Schweiter Technologies serves a global customer base through a network of subsidiaries, sales offices and service centers across Europe, North America and Asia.