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

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 162,148 shares, a growth of 981.8% from the July 15th total of 14,989 shares. Based on an average daily trading volume, of 240,603 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Hensoldt Trading Down 1.3%

Shares of Hensoldt stock traded down $0.14 during trading hours on Tuesday, reaching $10.42. The company’s stock had a trading volume of 80,866 shares, compared to its average volume of 121,482. Hensoldt has a one year low of $7.18 and a one year high of $13.74. The company’s 50 day simple moving average is $8.83 and its 200 day simple moving average is $18.20.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hensoldt has an average rating of “Buy”.

About Hensoldt

Hensoldt AG (OTCMKTS: HAGHY) is a Germany-based defense and security electronics company specializing in sensor solutions for military and civilian applications. Formed in 2017 through the spin-off of Airbus Defence and Space’s electronics division, Hensoldt has established itself as a leading provider of radar, optronics, electronic warfare systems, and command-and-control solutions. The company’s product portfolio spans airborne and naval radar systems, electro-optical and infrared (EO/IR) reconnaissance payloads, self-protection suites for aircraft and land vehicles, as well as integrated mission systems for surveillance and reconnaissance platforms.

Headquartered in Taufkirchen, near Munich, Hensoldt serves a global customer base that includes armed forces, governmental agencies, and critical infrastructure operators across Europe, the Americas, Asia-Pacific, and the Middle East.