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 sold short. Based on an average daily volume of 150,768 shares, the days-to-cover ratio is currently 0.3 days.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Santander upgraded Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Rheinmetall presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Rheinmetall
Rheinmetall Stock Down 2.5%
About Rheinmetall
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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