Thales S.A. (OTCMKTS:THLLY) Stock Short Interest Drops 40.8%

Thales S.A. (OTCMKTS:THLLY) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 5,223 shares, a decline of 40.8% from the September 15th total of 8,821 shares. Based on an average daily volume of 241,831 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Thales Stock Performance

OTCMKTS THLLY opened at $50.00 on Thursday. The stock’s 50-day simple moving average is $55.10 and its two-hundred day simple moving average is $55.03. Thales has a twelve month low of $48.12 and a twelve month high of $64.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on THLLY shares. Royal Bank Of Canada initiated coverage on shares of Thales in a report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Citigroup restated a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Thales Company Profile

Thales SE is a French technology and defense company that develops systems and services for the defense, aerospace, space, digital identity and security markets. Its offerings include radars, mission systems, secure communications, avionics, air traffic management solutions, satellite systems and cybersecurity technologies.

The company also provides digital identity and biometric solutions used by governments, financial institutions and other organizations. Its products and services support applications including border management, payment security, civil aviation, transportation and critical infrastructure protection.

Thales traces its origins to Thomson-CSF and adopted the Thales name in 2000.