Nordex SE (OTCMKTS:NRDXF – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,820,600 shares, an increase of 109.2% from the March 15th total of 870,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 18,206.0 days.
Nordex Stock Performance
NRDXF remained flat at $14.70 on Friday. The firm has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $13.81. Nordex has a 1 year low of $11.30 and a 1 year high of $18.71.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordex in a research note on Friday, April 4th.
Nordex Company Profile
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.
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