Nemetschek SE (OTCMKTS:NEMTF) Short Interest Update

Nemetschek SE (OTCMKTS:NEMTF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 111,600 shares, an increase of 24.8% from the February 28th total of 89,400 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 558.0 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nemetschek in a research note on Friday, March 21st.

Nemetschek Price Performance

Shares of NEMTF opened at $125.02 on Wednesday. The business’s 50 day simple moving average is $108.37 and its 200-day simple moving average is $104.12. Nemetschek has a 1 year low of $120.02 and a 1 year high of $125.32.

About Nemetschek

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.