Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Update

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 14,338 shares, a decrease of 66.3% from the May 31st total of 42,508 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 134,831 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RNMBY shares. 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 report on Monday, May 18th. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Rheinmetall Stock Up 2.8%

Shares of RNMBY stock traded up $6.12 during midday trading on Tuesday, reaching $228.30. 72,965 shares of the stock were exchanged, compared to its average volume of 79,168. Rheinmetall has a 1 year low of $211.20 and a 1 year high of $468.90. The firm has a market cap of $53.13 billion, a PE ratio of 107.18 and a beta of 0.12. The company’s 50 day moving average is $285.51 and its two-hundred day moving average is $348.92. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

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.