SimCorp A/S (OTCMKTS:SICRF) Short Interest Update

SimCorp A/S (OTCMKTS:SICRF – Get Rating) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,400 shares, a decline of 92.3% from the April 30th total of 31,200 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 6.0 days.

SimCorp A/S Stock Performance

Shares of OTCMKTS SICRF remained flat at $108.25 during trading on Friday. 73 shares of the company’s stock were exchanged, compared to its average volume of 822. The business’s 50 day moving average is $88.56 and its 200 day moving average is $76.29. SimCorp A/S has a one year low of $75.00 and a one year high of $108.25.

Wall Street Analyst Weigh In

Separately, Danske cut SimCorp A/S from a “buy” rating to a “hold” rating in a report on Friday, April 28th.

SimCorp A/S Company Profile

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SimCorp A/S, together with its subsidiaries, provides investment management solutions for asset management, fund management, insurance, life/pension, central banks, asset servicing, treasury, sovereign wealth, and wealth management companies. It provides SimCorp Dimension, an integrated front-to-back investment management solution; SimCorp Sofia, a front-to-back investment management solution for the Italian insurance market; SimCorp Gain, an enterprise data management solution for reference and market data management; and SimCorp Coric, a solution for client communications and reporting automation.