Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Up 1,298.2% in May

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 86,229 shares, an increase of 1,298.2% from the April 30th total of 6,167 shares. Based on an average daily trading volume, of 339,929 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RNMBY. Santander raised shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Rheinmetall currently has an average rating of “Buy”.

Rheinmetall Stock Performance

OTCMKTS RNMBY traded down $0.27 during trading on Wednesday, reaching $286.79. The company’s stock had a trading volume of 56,650 shares, compared to its average volume of 126,768. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $66.74 billion, a price-to-earnings ratio of 134.64 and a beta of 0.16. Rheinmetall has a 12 month low of $259.76 and a 12 month high of $468.90. The firm has a 50 day moving average price of $324.25 and a 200 day moving average price of $365.80.

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.