The New Germany Fund, Inc. (NYSE:GF) Short Interest Up 196.8% in November

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 18,400 shares, a growth of 196.8% from the October 31st total of 6,200 shares. Based on an average daily trading volume, of 23,600 shares, the short-interest ratio is presently 0.8 days.

The New Germany Fund Stock Performance

The New Germany Fund stock traded up $0.03 during mid-day trading on Wednesday, hitting $8.06. The company had a trading volume of 20,587 shares, compared to its average volume of 32,709. The New Germany Fund has a 1 year low of $7.90 and a 1 year high of $8.99. The business has a fifty day moving average of $8.53 and a 200 day moving average of $8.46.

Hedge Funds Weigh In On The New Germany Fund

A number of hedge funds have recently modified their holdings of GF. Sanctuary Advisors LLC acquired a new stake in shares of The New Germany Fund during the third quarter worth $126,000. Tidal Investments LLC acquired a new stake in shares of The New Germany Fund during the third quarter worth $198,000. Matisse Capital lifted its holdings in shares of The New Germany Fund by 23.3% during the second quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock worth $612,000 after purchasing an additional 14,214 shares during the period. Logan Stone Capital LLC lifted its holdings in shares of The New Germany Fund by 14.4% during the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock worth $785,000 after purchasing an additional 12,120 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in The New Germany Fund by 88.9% in the second quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock valued at $892,000 after acquiring an additional 51,606 shares during the period.

About The New Germany Fund

The New Germany Fund Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors.