Palfinger AG (OTCMKTS:PLFRY) Sees Large Decline in Short Interest - Defense World

2022-05-21 00:32:19 By : Ms. Rose Shu

Posted by admin on Apr 18th, 2022

Palfinger AG (OTCMKTS:PLFRY – Get Rating) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a drop of 25.0% from the March 15th total of 400 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 3.0 days.

Several research analysts recently commented on the stock. UBS Group dropped their target price on shares of Palfinger from €39.00 ($42.39) to €38.00 ($41.30) in a report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Palfinger from €42.00 ($45.65) to €38.00 ($41.30) in a report on Thursday, March 24th.

Shares of OTCMKTS:PLFRY remained flat at $$30.50 on Monday. 5 shares of the stock traded hands, compared to its average volume of 433. The firm’s 50 day moving average price is $32.93 and its 200 day moving average price is $37.50. Palfinger has a one year low of $30.47 and a one year high of $39.25.

The business also recently disclosed a dividend, which was paid on Monday, April 11th. Stockholders of record on Tuesday, March 29th were issued a dividend of $0.5891 per share. The ex-dividend date was Monday, March 28th. This represents a dividend yield of 1.93%.

Palfinger AG produces and sells crane and lifting solutions worldwide. It offers loader cranes, timber and recycling cranes, knuckle boom cranes, telescopic cranes, stiff boom cranes, winches and offshore equipment, offshore cranes, davit systems, boats, wind cranes, hooklifts, access platforms, tail lifts, passenger lifts, mobile cranes, truck mounted forklifts, railway systems, rope access, bridge inspection units, skiploaders, and lifesaving equipment.

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