SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Down 83.9% in June

SGL Carbon SE (OTCMKTS:SGLFF) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,076 shares, a decline of 83.9% from the June 15th total of 6,680 shares. Based on an average trading volume of 88 shares, the days-to-cover ratio is currently 12.2 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of SGL Carbon in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

SGL Carbon Stock Performance

SGLFF stock remained flat at $5.25 during trading on Friday. The stock’s fifty day moving average price is $5.37 and its two-hundred day moving average price is $4.72. SGL Carbon has a fifty-two week low of $3.00 and a fifty-two week high of $5.81.

About SGL Carbon

SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.