Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Shares Shorted: Short Interest Down 62.8% in October

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 12,678 shares, a decline of 62.8% from the September 30th total of 34,089 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 219,015 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HAGHY. Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Hensoldt Stock Up 2.6%

Shares of Hensoldt stock opened at $9.80 on Friday. The stock’s fifty day simple moving average is $9.24 and its 200 day simple moving average is $16.98. Hensoldt has a 12 month low of $7.18 and a 12 month high of $11.37.

About Hensoldt

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electronic warfare and signals intelligence solutions, optronics, avionics, and integrated mission systems designed to support situational awareness and threat detection.

The company serves customers across air, land, sea, and space domains. Its products are used in applications such as air defense, reconnaissance, surveillance, border protection, and the modernization of military platforms.