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Jungheinrich AG (OTCMKTS:JGHAF) Sees Significant Growth in Short Interest

Jungheinrich logo with Transportation background

Key Points

  • Jungheinrich AG experienced a significant increase in short interest, rising by 75.0% from mid-August to the end of August, with a total of 700 shares shorted.
  • The company's stock price remained stable at $33.84, with a 52-week range between $24.70 and $44.11.
  • Jungheinrich's operations focus on providing solutions in the intralogistics sector, offering products like material handling equipment and automated systems.
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Jungheinrich AG (OTCMKTS:JGHAF - Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 700 shares, an increase of 75.0% from the August 15th total of 400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 7.0 days. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 7.0 days. Currently, 0.0% of the shares of the stock are sold short.

Jungheinrich Price Performance

OTCMKTS:JGHAF remained flat at $33.84 during mid-day trading on Monday. The stock has a fifty day simple moving average of $40.86 and a two-hundred day simple moving average of $37.92. Jungheinrich has a 52-week low of $24.70 and a 52-week high of $44.11.

About Jungheinrich

(Get Free Report)

Jungheinrich Aktiengesellschaft, through its subsidiaries, provides products and solutions for the intralogistics sector with a portfolio of material handling equipment, automated systems, and matching services worldwide. It operates in two segments, Intralogistics and Financial Services. The Intralogistics segment engages in the development, production, sale, and short-term rental of new material handling equipment and warehousing equipment products, including automation; sale and short-term leasing of used trucks; and provides spare parts, as well as maintenance and repair services.

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