Short Interest in Forvia SE (OTCMKTS:FURCF) Rises By 5.4%

Forvia SE (OTCMKTS:FURCF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 158,200 shares, an increase of 5.4% from the August 15th total of 150,100 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 226.0 days.

Forvia Price Performance

Shares of FURCF stock remained flat at $20.09 during trading hours on Tuesday. 10 shares of the stock traded hands, compared to its average volume of 1,294. Forvia has a 52 week low of $10.00 and a 52 week high of $26.82. The company has a 50 day moving average of $23.04 and a 200 day moving average of $22.41.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Forvia from an “underperform” rating to a “buy” rating in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.25.

About Forvia

Forvia SE, together with its subsidiaries, manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally. It operates through Seating, Interiors, Clean Mobility, Electronics, Lighting, and Lifecycle Solutions segments. The Seating segment designs and manufactures vehicle seats, seating frames, covers, and comfort solutions, as well as adjustment mechanisms.