Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Sees Large Growth in Short Interest

by · The Cerbat Gem

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 34,089 shares, a growth of 265.3% from the September 15th total of 9,333 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 342,996 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

HAGHY has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Read Our Latest Research Report on Hensoldt

Hensoldt Trading Up 1.1%

Hensoldt stock traded up $0.09 during midday trading on Friday, reaching $8.50. 132,156 shares of the company were exchanged, compared to its average volume of 152,840. The firm’s 50-day simple moving average is $9.51 and its 200-day simple moving average is $9.12. Hensoldt has a 1 year low of $7.18 and a 1 year high of $12.28.

About Hensoldt

(Get Free Report)

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, electro-optical and infrared sensors, electronic warfare equipment, avionics, and integrated command-and-control and data-fusion technologies.

The company’s products are used for air defense, surveillance, reconnaissance, situational awareness, and the protection of military platforms and personnel. HENSOLDT serves armed forces, government agencies, and defense contractors, with Germany and other European markets forming an important part of its customer base alongside international defense markets.

HENSOLDT was established in 2017 through the separation of Airbus Defence and Space’s electronics activities, building on longstanding German defense-electronics operations.

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