Nordex SE (OTCMKTS:NRDXF) Sees Large Decrease in Short Interest

Nordex SE (OTCMKTS:NRDXF) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 870,100 shares, a decline of 16.1% from the February 28th total of 1,036,500 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 4,350.5 days.

Nordex Price Performance

Shares of OTCMKTS NRDXF remained flat at $14.70 during mid-day trading on Thursday. The company had a trading volume of 8 shares, compared to its average volume of 371. The stock’s fifty day moving average price is $14.03 and its 200 day moving average price is $13.92. Nordex has a 52-week low of $11.30 and a 52-week high of $18.71.

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.