Nordex SE (OTCMKTS:NRDXF – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,820,600 shares, an increase of 109.2% from the March 15th total of 870,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 18,206.0 days.
Nordex Stock Performance
Shares of NRDXF remained flat at $14.70 during mid-day trading on Wednesday. Nordex has a one year low of $11.30 and a one year high of $18.71. The stock has a 50-day simple moving average of $14.68 and a two-hundred day simple moving average of $13.81.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a research note on Friday, April 4th.
Nordex Company Profile
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. It operates in Projects and Services segments. The company provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations.
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