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

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

Nordex Price Performance

Shares of OTCMKTS NRDXF remained flat at $11.60 during midday trading on Friday. Nordex has a 52 week low of $9.85 and a 52 week high of $16.90. The company’s 50-day simple moving average is $13.29 and its two-hundred day simple moving average is $14.25.

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.