Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Down 48.0% in June

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 7,449 shares, a decrease of 48.0% from the June 15th total of 14,338 shares. Based on an average daily trading volume, of 157,099 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Rheinmetall Stock Down 0.8%

RNMBY opened at $222.67 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The firm has a market cap of $51.82 billion, a P/E ratio of 104.54 and a beta of 0.18. Rheinmetall has a 52 week low of $211.20 and a 52 week high of $468.90. The business’s fifty day simple moving average is $266.15 and its 200 day simple moving average is $339.13.

Wall Street Analysts Forecast Growth

RNMBY has been the topic of several research analyst reports. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Zacks Research cut Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Finally, Santander raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Rheinmetall Company Profile

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.