Short Interest in Nordex SE (OTCMKTS:NRDXF) Grows By 47.1%

Nordex SE (OTCMKTS:NRDXF) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 739,300 shares, an increase of 47.1% from the January 15th total of 502,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 7,393.0 days.

Nordex Price Performance

Shares of Nordex stock opened at $11.57 on Friday. The business has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $13.70. Nordex has a 1 year low of $10.00 and a 1 year high of $16.90.

About Nordex

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.