Short Interest in Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Grows By 59.0%

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 4,590 shares, an increase of 59.0% from the December 31st total of 2,887 shares. Based on an average daily trading volume, of 33,558 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 33,558 shares, the days-to-cover ratio is currently 0.1 days.

Hensoldt Price Performance

OTCMKTS:HAGHY traded down $1.60 during midday trading on Friday, hitting $49.40. 5,425 shares of the stock were exchanged, compared to its average volume of 17,020. The business has a 50-day moving average price of $45.64 and a two-hundred day moving average price of $51.57. Hensoldt has a one year low of $17.85 and a one year high of $68.70.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup upgraded shares of Hensoldt from a “hold” rating to a “buy” rating in a report on Friday, November 14th. Cantor Fitzgerald raised Hensoldt to a “strong-buy” rating in a report on Friday, November 7th. DZ Bank raised shares of Hensoldt to a “strong-buy” rating in a report on Friday, October 31st. Finally, Zacks Research raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Hensoldt Company Profile

Hensoldt AG (OTCMKTS: HAGHY) is a Germany-based defense and security electronics company specializing in sensor solutions for military and civilian applications. Formed in 2017 through the spin-off of Airbus Defence and Space’s electronics division, Hensoldt has established itself as a leading provider of radar, optronics, electronic warfare systems, and command-and-control solutions. The company’s product portfolio spans airborne and naval radar systems, electro-optical and infrared (EO/IR) reconnaissance payloads, self-protection suites for aircraft and land vehicles, as well as integrated mission systems for surveillance and reconnaissance platforms.

Headquartered in Taufkirchen, near Munich, Hensoldt serves a global customer base that includes armed forces, governmental agencies, and critical infrastructure operators across Europe, the Americas, Asia-Pacific, and the Middle East.