Short Interest in Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Rises By 1,298.2%

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 86,229 shares, a growth of 1,298.2% from the April 30th total of 6,167 shares. Based on an average trading volume of 339,929 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Rheinmetall Trading Down 0.0%

Shares of RNMBY stock traded down $0.12 on Friday, hitting $300.25. The stock had a trading volume of 114,965 shares, compared to its average volume of 80,355. Rheinmetall has a twelve month low of $259.76 and a twelve month high of $468.90. The firm has a market cap of $69.87 billion, a P/E ratio of 140.96 and a beta of 0.16. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $322.73 and a two-hundred day moving average price of $365.07.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RNMBY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Santander raised shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Rheinmetall has an average rating of “Buy”.

Rheinmetall Company Profile

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.