Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 14,338 shares, a decline of 66.3% from the May 31st total of 42,508 shares. Based on an average trading volume of 134,831 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Rheinmetall Trading Up 0.8%
Shares of OTCMKTS RNMBY traded up $1.63 during trading hours on Friday, hitting $215.68. The company’s stock had a trading volume of 62,558 shares, compared to its average volume of 69,033. Rheinmetall has a 12 month low of $211.20 and a 12 month high of $468.90. The stock has a market cap of $50.19 billion, a price-to-earnings ratio of 101.26 and a beta of 0.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. The business has a 50-day simple moving average of $288.12 and a 200-day simple moving average of $350.23.
Wall Street Analyst Weigh In
Several research firms recently issued reports on RNMBY. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.
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.
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