Schaeffler AG (OTCMKTS:SFFLY – Get Free Report) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,587 shares, a decrease of 48.8% from the May 14th total of 7,006 shares. Based on an average daily volume of 7,393 shares, the days-to-cover ratio is currently 0.5 days.
Schaeffler Stock Up 11.2%
OTCMKTS:SFFLY opened at $11.56 on Tuesday. The firm’s fifty day moving average is $10.46 and its 200-day moving average is $10.37. Schaeffler has a 52 week low of $4.71 and a 52 week high of $14.44.
About Schaeffler
Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.
In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.
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