Thales S.A. (OTCMKTS:THLLY) Sees Significant Drop in Short Interest

Thales S.A. (OTCMKTS:THLLY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 16,816 shares, a drop of 50.0% from the August 15th total of 33,652 shares. Based on an average trading volume of 68,115 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Thales Trading Up 4.4%

Shares of OTCMKTS:THLLY opened at $55.48 on Wednesday. The firm’s 50 day simple moving average is $56.08 and its 200 day simple moving average is $55.91. Thales has a fifty-two week low of $48.75 and a fifty-two week high of $65.46.

Analyst Ratings Changes

Several analysts have commented on THLLY shares. Citigroup reiterated a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Royal Bank Of Canada started coverage on Thales in a research note on Tuesday, August 11th. They set a “moderate buy” rating for the company. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Thales

Thales is a French technology company that develops systems and services for the aerospace, defense, transportation, digital identity and security markets. Its offerings include avionics, air traffic management systems, radar and communications equipment, satellite and space technologies, cybersecurity solutions, digital identity products, and secure communications systems.

The company serves government agencies, defense organizations, commercial airlines, airports, transportation operators, financial institutions and other businesses.