Henkel AG & Co. (OTCMKTS:HENKY) Sees Large Drop in Short Interest

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

Analyst Ratings Changes

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 research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Henkel AG & Co. has a consensus rating of “Moderate Buy”.

Henkel AG & Co. Price Performance

OTCMKTS HENKY opened at $20.63 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $20.25 and a two-hundred day moving average of $19.46. Henkel AG & Co. has a 1-year low of $16.83 and a 1-year high of $22.82.

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.