Short Interest in Henkel AG & Co. (OTCMKTS:HENKY) Drops By 43.8%

Henkel AG & Co. (OTCMKTS:HENKY) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 30,694 shares, a decrease of 43.8% from the March 15th total of 54,577 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 316,202 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of Henkel AG & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Henkel AG & Co. Price Performance

OTCMKTS HENKY traded down $0.05 on Wednesday, reaching $18.11. The company’s stock had a trading volume of 84,225 shares, compared to its average volume of 124,721. Henkel AG & Co. has a twelve month low of $17.07 and a twelve month high of $22.82. The firm’s 50 day moving average is $20.05 and its two-hundred day moving average is $19.46.

Henkel AG & Co. Company Profile

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.