Henkel AG & Co. (OTCMKTS:HENKY) Sees Large Decrease in Short Interest

Henkel AG & Co. (OTCMKTS:HENKY) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 21,628 shares, a decline of 72.4% from the July 15th total of 78,437 shares. Based on an average daily trading volume, of 99,077 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Henkel AG & Co. from a “strong sell” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Henkel AG & Co. Stock Performance

HENKY opened at $20.65 on Friday. The firm has a 50-day moving average of $19.97 and a 200 day moving average of $19.49. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.20. Henkel AG & Co. has a fifty-two week low of $16.83 and a fifty-two week high of $22.82.

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.