Schweiter Technologies AG (OTCMKTS:SCWTF) Short Interest Up 6,658.3% in March

Schweiter Technologies AG (OTCMKTS:SCWTF) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 811 shares, a growth of 6,658.3% from the February 26th total of 12 shares. Based on an average daily volume of 2 shares, the short-interest ratio is currently 405.5 days.

Wall Street Analysts Forecast Growth

Separately, Baader Bank lowered Schweiter Technologies to a “reduce” rating in a research note on Thursday, December 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Schweiter Technologies Stock Performance

Shares of Schweiter Technologies stock opened at $327.95 on Thursday. Schweiter Technologies has a one year low of $327.95 and a one year high of $585.00. The business’s 50 day moving average price is $558.63 and its 200 day moving average price is $575.78.

Schweiter Technologies Company Profile

Schweiter Technologies AG, trading as OTCMKTS:SCWTF, is a Swiss engineering group specializing in the design, manufacture and servicing of machinery for the floor covering and specialty textiles industries. Its core product lines include tufting machines for carpet and artificial turf production, coating and laminating equipment for technical textiles, and finishing lines that integrate drying, heat-setting and inspection. The company also offers digital process control systems, automation solutions and retrofitting services aimed at optimizing production efficiency and quality for its customers.

Headquartered in Altstätten, Switzerland, Schweiter Technologies serves a global customer base through a network of subsidiaries, sales offices and service centers across Europe, North America and Asia.