Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Stock Short Interest Climbs 694.8%

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 51,949 shares, an increase of 694.8% from the October 15th total of 6,536 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 88,816 shares, the short-interest ratio is presently 0.6 days.

Rheinmetall Price Performance

Shares of RNMBY stock traded down $6.82 during trading hours on Thursday, hitting $171.36. The stock had a trading volume of 56,828 shares, compared to its average volume of 71,779. Rheinmetall has a one year low of $168.91 and a one year high of $450.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. The stock’s 50-day moving average price is $223.32 and its two-hundred day moving average price is $288.63. The stock has a market capitalization of $39.99 billion, a price-to-earnings ratio of 48.68 and a beta of 0.21.

Rheinmetall (OTCMKTS:RNMBY) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.22). The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.60 billion. Rheinmetall had a net margin of 7.51% and a return on equity of 23.98%. Equities analysts forecast that Rheinmetall will post 7.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RNMBY shares. Zacks Research cut Rheinmetall from a “hold” rating to a “strong sell” rating in a report on Tuesday. Sanford C. Bernstein lowered shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, November 6th. Royal Bank Of Canada initiated coverage on shares of Rheinmetall in a report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Finally, Berenberg Bank lowered shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.