Nagarro SE (OTCMKTS:NGRRF) Short Interest Update

Nagarro SE (OTCMKTS:NGRRF) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 36,837 shares, a decline of 37.6% from the August 15th total of 59,064 shares. Based on an average trading volume of 179 shares, the days-to-cover ratio is currently 205.8 days.

Nagarro Stock Performance

Shares of Nagarro stock remained flat at $89.68 on Wednesday. 10 shares of the stock were exchanged, compared to its average volume of 912. The firm’s 50 day simple moving average is $89.10 and its 200 day simple moving average is $66.33. Nagarro has a 12 month low of $38.58 and a 12 month high of $92.72.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of Nagarro to a “hold” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nagarro Company Profile

Nagarro SE (OTCMKTS:NGRRF) is a global digital engineering and technology consultancy firm headquartered in Munich, Germany. Established in 1996, the company partners with clients to drive enterprise digital transformation by offering end-to-end product design and software development services. It leverages an agile, innovation-driven approach to tackle complex business challenges and accelerate time to market.

Nagarro’s core offerings include digital product engineering, data and AI services, cloud and DevOps solutions, and enterprise application development.