Short Interest in Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Drops By 48.0%

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,449 shares, a decrease of 48.0% from the June 15th total of 14,338 shares. Based on an average trading volume of 157,099 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Rheinmetall Price Performance

Rheinmetall stock opened at $218.55 on Friday. The company has a market cap of $50.86 billion, a price-to-earnings ratio of 102.61 and a beta of 0.18. The firm’s fifty day moving average is $261.97 and its 200 day moving average is $337.09. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. Rheinmetall has a 52-week low of $211.20 and a 52-week high of $468.90.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RNMBY. Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Santander upgraded Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Rheinmetall

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.