Thales S.A. (OTCMKTS:THLLY) Stock Short Interest Drops 40.8%

Thales S.A. (OTCMKTS:THLLY) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 5,223 shares, a decline of 40.8% from the September 15th total of 8,821 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 241,831 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

A number of research firms recently issued reports on THLLY. Citigroup reiterated a “buy” rating on shares of Thales in a research note on Tuesday, July 7th. Royal Bank Of Canada started coverage on Thales in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Thales has an average rating of “Moderate Buy”.

Thales Stock Performance

Thales stock opened at $50.00 on Thursday. The business has a 50-day simple moving average of $55.10 and a 200 day simple moving average of $55.03. Thales has a 52 week low of $48.12 and a 52 week high of $64.14.

About Thales

Thales SE is a French technology and defense company that develops systems and services for the defense, aerospace, space, digital identity and security markets. Its offerings include radars, mission systems, secure communications, avionics, air traffic management solutions, satellite systems and cybersecurity technologies.

The company also provides digital identity and biometric solutions used by governments, financial institutions and other organizations. Its products and services support applications including border management, payment security, civil aviation, transportation and critical infrastructure protection.

Thales traces its origins to Thomson-CSF and adopted the Thales name in 2000.