Short Interest in Rheinmetall AG (OTCMKTS:RNMBY) Rises By 367.6%

Rheinmetall AG (OTCMKTS:RNMBY) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 34,600 shares, a growth of 367.6% from the August 15th total of 7,400 shares. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Ratings Changes

Separately, Morgan Stanley began coverage on shares of Rheinmetall in a report on Wednesday, July 3rd. They issued an “overweight” rating for the company.

Rheinmetall Stock Down 0.1 %

Rheinmetall stock traded down $0.12 during trading hours on Friday, reaching $115.03. 22,006 shares of the stock were exchanged, compared to its average volume of 21,939. Rheinmetall has a 52-week low of $48.50 and a 52-week high of $124.70. The firm’s 50 day moving average is $113.13 and its 200 day moving average is $110.05.

Rheinmetall (OTCMKTS:RNMBY) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter. The business had revenue of $2.40 billion for the quarter.

About Rheinmetall

Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.