Henkel AG & Co. (OTCMKTS:HENKY) Sees Large Growth in Short Interest

Henkel AG & Co. (OTCMKTS:HENKY) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 54,577 shares, an increase of 132.0% from the February 26th total of 23,522 shares. Based on an average daily volume of 227,553 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Barclays lowered shares of Henkel AG & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Henkel AG & Co. Price Performance

Shares of OTCMKTS HENKY opened at $18.17 on Thursday. The stock’s 50-day moving average is $20.67 and its 200 day moving average is $19.58. Henkel AG & Co. has a 1-year low of $16.54 and a 1-year high of $22.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.21 and a quick ratio of 0.91.

About Henkel AG & Co.

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.