Nagarro SE (OTCMKTS:NGRRF) Sees Significant Increase in Short Interest

Nagarro SE (OTCMKTS:NGRRF) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 210,000 shares, an increase of 22.1% from the March 15th total of 172,000 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 1,050.0 days.

Nagarro Stock Performance

Shares of NGRRF opened at $81.65 on Tuesday. The company’s 50 day simple moving average is $84.34 and its 200-day simple moving average is $89.39. Nagarro has a 12-month low of $71.86 and a 12-month high of $106.40.

Nagarro Company Profile

Nagarro SE, together with its subsidiaries, provides digital product engineering and technology solutions in North America, Central Europe, rest of Europe, and internationally. The company provides accelerated quality and test engineering; API and integration; application managed services; artificial intelligence, data and analytics; cloud, CRM, DevOps; digital experiences, insights, and ventures; ECM and portals; enterprise agile; enterprise architecture consulting; finops; identity and access management; innovation; low code; mobility solutions; products, resilience, and site reliability engineering; technical communications; and training services.