Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Shares Shorted: Short Interest Up 265.3% in September

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 34,089 shares, an increase of 265.3% from the September 15th total of 9,333 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 342,996 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Jefferies Financial Group raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Hensoldt Price Performance

HAGHY stock traded up $0.09 during midday trading on Friday, hitting $8.50. 132,156 shares of the company’s stock were exchanged, compared to its average volume of 152,840. Hensoldt has a 12-month low of $7.18 and a 12-month high of $12.28. The firm has a 50 day moving average price of $9.51 and a 200-day moving average price of $9.12.

Hensoldt Company Profile

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electro-optical and infrared sensors, electronic warfare equipment, avionics, and integrated command-and-control and data-fusion technologies.

The company’s products are used for air defense, surveillance, reconnaissance, situational awareness, and the protection of military platforms and personnel. HENSOLDT serves armed forces, government agencies, and defense contractors, with Germany and other European markets forming an important part of its customer base alongside international defense markets.

HENSOLDT was established in 2017 through the separation of Airbus Defence and Space’s electronics activities, building on longstanding German defense-electronics operations.