Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Stock Short Interest Report for October

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 51,949 shares, a growth of 694.8% from the October 15th total of 6,536 shares. Based on an average daily volume of 88,816 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

RNMBY has been the subject of several analyst reports. Sanford C. Bernstein lowered Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 6th. Royal Bank Of Canada assumed coverage on Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Berenberg Bank cut Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rheinmetall presently has an average rating of “Moderate Buy”.

Rheinmetall Trading Down 4.1%

Shares of OTCMKTS:RNMBY opened at $170.86 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21. Rheinmetall has a 1 year low of $168.91 and a 1 year high of $450.00. The stock has a 50-day simple moving average of $221.67 and a 200-day simple moving average of $287.34.

Rheinmetall (OTCMKTS:RNMBY) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.22). Rheinmetall had a return on equity of 23.98% and a net margin of 7.51%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.60 billion. As a group, sell-side analysts forecast that Rheinmetall will post 7.52 EPS for the current year.

About Rheinmetall

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers. The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.