SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Update

SGL Carbon SE (OTCMKTS:SGLFF) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,315 shares, an increase of 309.7% from the July 30th total of 565 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 3.3 days.

SGL Carbon Price Performance

Shares of SGLFF opened at $4.72 on Friday. The stock has a 50 day simple moving average of $4.90 and a two-hundred day simple moving average of $4.86. SGL Carbon has a 1 year low of $3.00 and a 1 year high of $5.81.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating on shares of SGL Carbon in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SGL Carbon in a research note on Friday, August 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

SGL Carbon Company Profile

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.