Forvia SE (OTCMKTS:FURCF) Sees Large Growth in Short Interest

Forvia SE (OTCMKTS:FURCF) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 183,600 shares, a growth of 6.3% from the June 30th total of 172,700 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 131.1 days.

Forvia Stock Performance

OTCMKTS FURCF remained flat at $12.00 on Thursday. 25 shares of the company’s stock traded hands, compared to its average volume of 1,263. The stock’s fifty day moving average price is $13.38 and its 200-day moving average price is $15.02. Forvia has a twelve month low of $11.35 and a twelve month high of $26.00.

Forvia Announces Dividend

The business also recently declared an annual dividend, which was paid on Thursday, June 6th. Investors of record on Wednesday, June 5th were given a dividend of $0.50 per share. This represents a yield of 3.12%. The ex-dividend date was Monday, June 3rd. Forvia’s dividend payout ratio is currently 25.09%.

About Forvia

Forvia SE, together with its subsidiaries, manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally. It operates through Seating, Clean Mobility, Electronics, Lighting, and Lifecycle Solutions segments. The Seating segment designs and manufactures vehicle seats, seating frames, and comfort solutions, as well as adjustment mechanisms.