Short Interest in Schaeffler AG (OTCMKTS:SCFLF) Decreases By 33.3%

Schaeffler AG (OTCMKTS:SCFLF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 27,700 shares, a decline of 33.3% from the August 15th total of 41,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 277.0 days.

Schaeffler Stock Performance

Shares of OTCMKTS:SCFLF traded down $0.57 during midday trading on Monday, hitting $4.33. 100 shares of the stock were exchanged, compared to its average volume of 765. The company has a 50 day moving average price of $5.33 and a 200-day moving average price of $6.17. Schaeffler has a twelve month low of $4.33 and a twelve month high of $7.39. The company has a current ratio of 1.62, a quick ratio of 0.93 and a debt-to-equity ratio of 1.37.

Schaeffler (OTCMKTS:SCFLF) last released its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $4.51 billion for the quarter. Schaeffler had a net margin of 1.89% and a return on equity of 7.58%.

About Schaeffler

Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.