Short Interest in Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Declines By 40.6%

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 43,933 shares, a drop of 40.6% from the November 30th total of 73,998 shares. Based on an average daily volume of 123,114 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 123,114 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays initiated coverage on shares of Rheinmetall in a research report on Monday, September 8th. They set an “overweight” rating on the stock. Zacks Research raised Rheinmetall to a “hold” rating in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rheinmetall in a report on Wednesday, October 15th. Sanford C. Bernstein upgraded Rheinmetall from a “hold” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group initiated coverage on shares of Rheinmetall in a research note on Friday, September 19th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Rheinmetall Price Performance

Shares of OTCMKTS RNMBY opened at $357.90 on Tuesday. Rheinmetall has a fifty-two week low of $122.64 and a fifty-two week high of $468.90. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average price is $377.71 and its 200-day moving average price is $401.98.

Rheinmetall (OTCMKTS:RNMBY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $3.25 billion for the quarter.

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.