Essentra plc (OTCMKTS:FLRAF) Sees Significant Decrease in Short Interest

Essentra plc (OTCMKTS:FLRAF) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 195,800 shares, a decline of 17.6% from the December 31st total of 237,700 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Essentra Price Performance

Shares of FLRAF remained flat at $1.44 during mid-day trading on Monday. The stock’s 50-day moving average price is $1.75 and its 200 day moving average price is $1.96. The company has a current ratio of 1.97, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. Essentra has a 52-week low of $1.42 and a 52-week high of $2.42.

About Essentra

Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; washers; spacers; brushes; fleet; fibre management; and furniture fittings.