Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 42,508 shares, a drop of 50.7% from the May 14th total of 86,229 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 150,768 shares, the days-to-cover ratio is presently 0.3 days.
Rheinmetall Trading Down 2.5%
OTCMKTS:RNMBY opened at $277.91 on Friday. The business’s 50-day moving average is $309.10 and its two-hundred day moving average is $356.70. The firm has a market capitalization of $64.67 billion, a PE ratio of 130.47 and a beta of 0.12. Rheinmetall has a 12 month low of $259.76 and a 12 month high of $468.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.68.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group restated 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 research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate 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.
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