Rheinmetall AG (OTCMKTS:RNMBY – Get Free Report) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 21,600 shares, a growth of 118.2% from the February 13th total of 9,900 shares. Based on an average trading volume of 198,800 shares, the days-to-cover ratio is currently 0.1 days.
Rheinmetall Price Performance
OTCMKTS RNMBY opened at $298.70 on Friday. Rheinmetall has a 12 month low of $97.98 and a 12 month high of $301.22. The stock has a 50 day moving average of $179.93 and a 200-day moving average of $139.59.
Wall Street Analysts Forecast Growth
Separately, UBS Group raised Rheinmetall from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th.
About Rheinmetall
Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.
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