Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Sees Significant Increase in Short Interest

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 51,949 shares, an increase of 694.8% from the October 15th total of 6,536 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 88,816 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RNMBY shares. Royal Bank Of Canada initiated coverage on Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Berenberg Bank cut Rheinmetall from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Sanford C. Bernstein downgraded Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, November 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rheinmetall Trading Up 1.3%

RNMBY opened at $191.95 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. The company’s 50 day moving average is $224.73 and its 200 day moving average is $289.91. Rheinmetall has a 12-month low of $179.73 and a 12-month high of $450.00.

Rheinmetall (OTCMKTS:RNMBY) last announced its earnings results on Thursday, November 5th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.22). Rheinmetall had a net margin of 7.51% and a return on equity of 23.98%. The business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.60 billion. As a group, equities analysts expect that Rheinmetall will post 8.35 earnings per share for the current fiscal year.

Rheinmetall Company Profile

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers. The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.