Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Sees Significant Decrease in Short Interest

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 12,678 shares, a decline of 62.8% from the September 30th total of 34,089 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 219,015 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms have commented on HAGHY. Jefferies Financial Group raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Hensoldt in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Hensoldt Stock Down 3.2%

Shares of OTCMKTS HAGHY traded down $0.31 during midday trading on Friday, reaching $9.49. 75,278 shares of the stock traded hands, compared to its average volume of 111,213. The company’s 50 day moving average is $9.22 and its 200 day moving average is $16.76. Hensoldt has a one year low of $7.18 and a one year high of $11.37.

Hensoldt Company Profile

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electronic warfare and signals intelligence solutions, optronics, avionics, and integrated mission systems designed to support situational awareness and threat detection.

The company serves customers across air, land, sea, and space domains. Its products are used in applications such as air defense, reconnaissance, surveillance, border protection, and the modernization of military platforms.