Nordex SE (OTCMKTS:NRDXF – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 736,664 shares, a growth of 27.5% from the November 30th total of 577,923 shares. Based on an average daily trading volume, of 462 shares, the short-interest ratio is presently 1,594.5 days. Based on an average daily trading volume, of 462 shares, the short-interest ratio is presently 1,594.5 days.
Nordex Stock Performance
OTCMKTS NRDXF opened at $33.32 on Wednesday. Nordex has a 1-year low of $11.30 and a 1-year high of $33.32. The business has a 50 day simple moving average of $30.55 and a two-hundred day simple moving average of $25.66.
Analyst Ratings Changes
Several brokerages have recently commented on NRDXF. Jefferies Financial Group restated a “buy” rating on shares of Nordex in a research report on Wednesday, November 5th. Royal Bank Of Canada reissued an “underperform” rating on shares of Nordex in a report on Tuesday, November 25th. Santander downgraded Nordex to a “neutral” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordex in a research report on Wednesday, October 29th. Finally, Citigroup restated a “buy” rating on shares of Nordex in a research report on Friday, October 10th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
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.
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