Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) Short Interest Down 41.3% in June

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 275,747 shares, a drop of 41.3% from the May 31st total of 469,410 shares. Based on an average daily trading volume, of 826,127 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Porsche Automobil Price Performance

Shares of POAHY traded up $0.10 during mid-day trading on Thursday, hitting $3.13. The company’s stock had a trading volume of 4,347 shares, compared to its average volume of 301,271. The stock’s 50-day moving average is $3.56 and its two-hundred day moving average is $3.92. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18. Porsche Automobil has a one year low of $3.01 and a one year high of $4.79.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Porsche Automobil presently has an average rating of “Strong Buy”.

About Porsche Automobil

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.