Schweiter Technologies AG (OTCMKTS:SCWTF) Sees Large Growth in Short Interest

Schweiter Technologies AG (OTCMKTS:SCWTF) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 12 shares, an increase of 500.0% from the January 29th total of 2 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Schweiter Technologies Stock Performance

OTCMKTS SCWTF remained flat at $585.00 during trading hours on Wednesday. The stock has a 50 day simple moving average of $585.00 and a two-hundred day simple moving average of $585.00. Schweiter Technologies has a 12-month low of $585.00 and a 12-month high of $585.00.

Analyst Upgrades and Downgrades

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

Schweiter Technologies Company Profile

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.