Porsche Automobil Holding SE (OTCMKTS:POAHY) Sees Significant Growth in Short Interest

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 81,200 shares, a growth of 254.6% from the February 28th total of 22,900 shares. Based on an average daily volume of 483,700 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

A number of equities research analysts recently weighed in on the company. Hsbc Global Res raised Porsche Automobil from a “moderate sell” rating to a “hold” rating in a report on Thursday, February 13th. Berenberg Bank downgraded shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Porsche Automobil presently has a consensus rating of “Hold”.

Porsche Automobil Trading Down 1.7 %

Shares of POAHY traded down $0.07 on Thursday, reaching $3.96. 183,137 shares of the company’s stock were exchanged, compared to its average volume of 260,730. Porsche Automobil has a 12 month low of $3.47 and a 12 month high of $5.58. The business has a 50 day moving average price of $3.92 and a two-hundred day moving average price of $3.95.

About Porsche Automobil

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.