Short Interest in Schaeffler AG (OTCMKTS:SCFLF) Drops By 28.9%

Schaeffler AG (OTCMKTS:SCFLF) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 27,100 shares, a decline of 28.9% from the June 15th total of 38,100 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 10.0 days.

Schaeffler Stock Performance

Shares of OTCMKTS SCFLF remained flat at $5.62 during midday trading on Friday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $6.49 and its two-hundred day moving average is $6.56. Schaeffler has a one year low of $5.06 and a one year high of $7.39. The company has a market capitalization of $932.92 million, a PE ratio of 8.26 and a beta of 0.91.

Schaeffler (OTCMKTS:SCFLF) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.38 earnings per share (EPS) for the quarter. Schaeffler had a net margin of 2.55% and a return on equity of 10.20%. The business had revenue of $4.44 billion for the quarter.

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.