Schindler Holding AG (OTCMKTS:SHLAF) Short Interest Up 24.4% in April

Schindler Holding AG (OTCMKTS:SHLAFGet Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 142,600 shares, a growth of 24.4% from the April 15th total of 114,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,426.0 days.

Several equities analysts recently weighed in on SHLAF shares. Barclays cut their price objective on shares of Schindler from CHF 220 to CHF 205 in a report on Tuesday, April 5th. Credit Suisse Group dropped their price objective on shares of Schindler from CHF 305 to CHF 280 in a report on Friday, February 18th. Morgan Stanley dropped their price objective on shares of Schindler from CHF 256 to CHF 245 and set an “overweight” rating on the stock in a report on Monday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of Schindler from CHF 260 to CHF 250 and set a “neutral” rating for the company in a research report on Tuesday, March 29th. Finally, The Goldman Sachs Group raised shares of Schindler from a “neutral” rating to a “buy” rating and set a $234.00 target price for the company in a research report on Friday, March 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Schindler presently has an average rating of “Hold” and a consensus price target of $257.38.

OTCMKTS:SHLAF remained flat at $$181.80 during trading hours on Wednesday. The company’s stock had a trading volume of 436 shares, compared to its average volume of 108. The business’s 50 day simple moving average is $203.95 and its 200-day simple moving average is $238.21. Schindler has a fifty-two week low of $179.65 and a fifty-two week high of $329.00.

About Schindler (Get Rating)

Schindler Holding AG engages in the production, installation, maintenance, and modernization of passenger and freight elevators, escalators, and moving walks worldwide. It also offers digital media services for engaging communication channels, such as Schindler Ahead DoorShow, which displays information, advertising, and announcements on the elevator doors; Schindler Ahead SmartMirror, a mirror and a screen for entertainment or information; and Schindler Ahead AdScreen, an advertising and communication space.

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