Short Interest in Henkel AG & Co. (OTCMKTS:HENKY) Declines By 68.9%

Henkel AG & Co. (OTCMKTS:HENKY) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,721 shares, a drop of 68.9% from the July 30th total of 21,628 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 160,076 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Henkel AG & Co. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Henkel AG & Co. currently has an average rating of “Moderate Buy”.

Henkel AG & Co. Price Performance

OTCMKTS:HENKY traded up $0.04 during mid-day trading on Friday, reaching $20.29. 57,424 shares of the company’s stock were exchanged, compared to its average volume of 103,956. Henkel AG & Co. has a one year low of $16.83 and a one year high of $22.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 0.91. The business’s fifty day simple moving average is $20.28 and its two-hundred day simple moving average is $19.45.

Henkel AG & Co. Company Profile

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.