Faurecia S.E. (OTCMKTS:FURCF – Get Rating) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 236,200 shares, a growth of 6.0% from the August 15th total of 222,900 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 107.4 days.
Faurecia S.E. Price Performance
Shares of FURCF remained flat at $13.95 during mid-day trading on Tuesday. The stock had a trading volume of 108 shares, compared to its average volume of 808. Faurecia S.E. has a one year low of $13.40 and a one year high of $55.32. The company has a 50-day moving average price of $15.85 and a two-hundred day moving average price of $21.23.
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Analyst Upgrades and Downgrades
Several brokerages recently issued reports on FURCF. Royal Bank of Canada cut their price target on Faurecia S.E. from €31.00 ($31.63) to €25.00 ($25.51) and set a "sector perform" rating on the stock in a report on Wednesday, July 27th. Barclays cut shares of Faurecia S.E. from an "overweight" rating to an "underweight" rating and set a $15.00 target price for the company. in a report on Wednesday, July 6th. Finally, Jefferies Financial Group upgraded Faurecia S.E. from a "hold" rating to a "buy" rating in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Faurecia S.E. presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.
Faurecia S.E. Company Profile
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Faurecia S.E., together with its subsidiaries, manufactures and sells automotive equipment in France, Germany, other European countries, North America, South America, Asia, and internationally. It operates through Seating, Interiors, Clean Mobility, and Clarion Electronics segments. The Seating segment designs and manufactures vehicle seats, seating frames, covers and foams, and comfort solutions.
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