Forvia SE (OTCMKTS:FURCF – Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 327,700 shares, a decline of 27.6% from the February 13th total of 452,500 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 819.3 days.
Forvia Stock Performance
OTCMKTS:FURCF traded down $0.64 during mid-day trading on Monday, hitting $8.94. 4,104 shares of the stock traded hands, compared to its average volume of 2,718. Forvia has a 52 week low of $8.24 and a 52 week high of $16.64. The firm’s 50 day moving average is $9.92 and its two-hundred day moving average is $9.60.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Forvia in a report on Monday, March 3rd.
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, Clean Mobility, Electronics, Lighting, and Lifecycle Solutions segments. The Seating segment designs and manufactures vehicle seats, seating frames, and comfort solutions, as well as adjustment mechanisms.
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