Short Interest in Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Drops By 51.2%

by · The Markets Daily

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,512 shares, a decline of 51.2% from the August 15th total of 11,299 shares. Based on an average daily trading volume, of 85,625 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Rheinmetall Trading Down 0.8%

Shares of OTCMKTS:RNMBY opened at $235.16 on Wednesday. The company has a market capitalization of $54.87 billion, a P/E ratio of 80.81 and a beta of 0.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. Rheinmetall has a 1 year low of $211.20 and a 1 year high of $468.90. The business’s 50 day simple moving average is $251.30 and its 200 day simple moving average is $290.56.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RNMBY shares. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Royal Bank Of Canada began coverage on shares of Rheinmetall in a research note on Tuesday, August 11th. They set a “moderate buy” rating for the company. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on Rheinmetall

Rheinmetall Company Profile

(Get Free Report)

Rheinmetall AG is a Germany-based technology and defense company headquartered in Düsseldorf. Founded in 1889 as Rheinische Metallwaaren- und Maschinenfabrik, the company has evolved from a producer of metal products and armaments into a major supplier of military systems and equipment.

Rheinmetall develops and manufactures armored vehicles, military trucks, weapons, ammunition, air-defense systems, sensors, simulation technologies and command-and-control electronics. Its portfolio includes the Lynx and Boxer military vehicles, the Puma infantry fighting vehicle, the Fuchs transport vehicle, artillery and tank ammunition, and the Skyranger air-defense system.

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