Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Sees Large Decrease in Short Interest

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 34,767 shares, a decline of 78.6% from the July 30th total of 162,148 shares. Based on an average trading volume of 145,331 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

HAGHY has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Hensoldt Stock Performance

Shares of HAGHY traded down $0.29 during trading hours on Friday, reaching $10.03. The company had a trading volume of 39,897 shares, compared to its average volume of 150,501. The firm has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $14.95. Hensoldt has a 12-month low of $7.18 and a 12-month high of $13.74.

About Hensoldt

Hensoldt AG (OTCMKTS: HAGHY) is a Germany-based defense and security electronics company specializing in sensor solutions for military and civilian applications. Formed in 2017 through the spin-off of Airbus Defence and Space’s electronics division, Hensoldt has established itself as a leading provider of radar, optronics, electronic warfare systems, and command-and-control solutions. The company’s product portfolio spans airborne and naval radar systems, electro-optical and infrared (EO/IR) reconnaissance payloads, self-protection suites for aircraft and land vehicles, as well as integrated mission systems for surveillance and reconnaissance platforms.

Headquartered in Taufkirchen, near Munich, Hensoldt serves a global customer base that includes armed forces, governmental agencies, and critical infrastructure operators across Europe, the Americas, Asia-Pacific, and the Middle East.