Short Interest in Nordex SE (OTCMKTS:NRDXF) Expands By 110.4%

Nordex SE (OTCMKTS:NRDXF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 742,898 shares, an increase of 110.4% from the May 14th total of 353,044 shares. Based on an average daily volume of 97 shares, the short-interest ratio is presently 7,658.7 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NRDXF. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordex in a research note on Tuesday, April 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research note on Friday, April 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Nordex in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nordex presently has an average rating of “Hold”.

Nordex Price Performance

OTCMKTS:NRDXF remained flat at $44.78 during trading hours on Monday. The business has a 50 day simple moving average of $52.33 and a two-hundred day simple moving average of $44.42. Nordex has a 12-month low of $18.83 and a 12-month high of $56.80.

About Nordex

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.