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

Schweiter Technologies AG (OTCMKTS:SCWTF) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 685 shares, a decline of 45.5% from the April 30th total of 1,257 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Schweiter Technologies Stock Performance

Shares of SCWTF opened at $362.75 on Monday. The stock has a fifty day moving average price of $346.74 and a two-hundred day moving average price of $500.87. Schweiter Technologies has a 52-week low of $327.95 and a 52-week high of $362.75.

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.