Nordex SE (OTCMKTS:NRDXF) Sees Significant Drop in Short Interest

Nordex SE (OTCMKTS:NRDXF) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 555,400 shares, a drop of 34.6% from the November 30th total of 848,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 5,554.0 days.

Nordex Price Performance

Shares of OTCMKTS NRDXF remained flat at $11.60 during trading on Friday. Nordex has a 12 month low of $9.85 and a 12 month high of $16.90. The business’s 50-day moving average is $13.29 and its 200-day moving average is $14.25.

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.