Short Interest in Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Decreases By 50.7%

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 42,508 shares, a decline of 50.7% from the May 14th total of 86,229 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 150,768 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RNMBY shares. Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rheinmetall Trading Down 2.5%

Shares of OTCMKTS:RNMBY opened at $277.91 on Friday. Rheinmetall has a 12-month low of $259.76 and a 12-month high of $468.90. The company has a market capitalization of $64.67 billion, a PE ratio of 130.47 and a beta of 0.12. The business has a 50 day moving average of $309.10 and a two-hundred day moving average of $356.70. The company has a current ratio of 1.04, a quick ratio of 0.68 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.