SGL Carbon SE (OTCMKTS:SGLFF) Sees Significant Decrease in Short Interest

SGL Carbon SE (OTCMKTS:SGLFF) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 175,100 shares, a decrease of 55.8% from the October 31st total of 395,800 shares. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is currently 109.4 days.

SGL Carbon Stock Performance

SGL Carbon stock remained flat at $4.60 during mid-day trading on Thursday. SGL Carbon has a fifty-two week low of $4.47 and a fifty-two week high of $8.13. The firm has a 50 day simple moving average of $5.44 and a two-hundred day simple moving average of $6.47.

About SGL Carbon

SGL Carbon SE, together with its subsidiaries, engages in the manufacture and sale of special graphite, carbon fibers, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally. The company operates in four segments: Graphite Solutions, Process Technology, Carbon Fibers, and Composite Solutions.