Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Down 66.3% in June

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 14,338 shares, a drop of 66.3% from the May 31st total of 42,508 shares. Based on an average daily volume of 134,831 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Oddo Bhf raised Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Rheinmetall presently has a consensus rating of “Moderate Buy”.

Rheinmetall Price Performance

Shares of RNMBY stock traded up $6.70 during trading hours on Monday, hitting $222.38. The company had a trading volume of 32,740 shares, compared to its average volume of 78,242. Rheinmetall has a 12 month low of $211.20 and a 12 month high of $468.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. The firm’s fifty day moving average is $288.12 and its 200 day moving average is $350.06. The firm has a market capitalization of $51.75 billion, a price-to-earnings ratio of 104.40 and a beta of 0.12.

Rheinmetall Company Profile

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.