Bilfinger SE (OTCMKTS:BFLBY) Stock Short Interest Climbs 156.5%

Bilfinger SE (OTCMKTS:BFLBY) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 2,475 shares, an increase of 156.5% from the October 15th total of 965 shares. Based on an average daily trading volume, of 315 shares, the short-interest ratio is presently 7.9 days.

Bilfinger Stock Down 1.2%

Shares of OTCMKTS:BFLBY opened at $13.66 on Friday. Bilfinger has a one year low of $11.90 and a one year high of $31.30. The company has a 50-day simple moving average of $13.98 and a 200-day simple moving average of $20.20.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Bilfinger to a “buy” rating in a research note on Thursday, August 27th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About Bilfinger

Bilfinger SE is a Germany-based industrial services provider that helps customers plan, maintain, and improve industrial facilities. Its services include engineering and consulting, plant maintenance, repair and construction, as well as services such as insulation, scaffolding, piping, and electrical and instrumentation work. The company serves process industries including chemicals, energy, oil and gas, pharmaceuticals, and manufacturing. Its work also includes supporting customers’ efforts to improve energy efficiency and reduce emissions.