Short Interest in Rheinmetall AG (OTCMKTS:RNMBY) Decreases By 88.5%

Rheinmetall AG (OTCMKTS:RNMBY) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,000 shares, a drop of 88.5% from the February 29th total of 17,400 shares. Based on an average daily volume of 38,400 shares, the short-interest ratio is presently 0.1 days.

Rheinmetall Stock Performance

RNMBY remained flat at $112.55 during trading on Wednesday. The company’s stock had a trading volume of 28,135 shares, compared to its average volume of 19,840. Rheinmetall has a 1-year low of $48.50 and a 1-year high of $113.08. The business’s 50-day moving average is $86.19 and its 200 day moving average is $68.71.

Rheinmetall Company Profile

Rheinmetall AG provides technologies to the mobility and security sectors worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, support, logistics, and special vehicles, including armored tracked vehicles, CBRN protection systems, turret systems, and wheeled logistics and tactical vehicles.