Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Sees Large Decline in Short Interest

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 34,767 shares, a drop of 78.6% from the July 30th total of 162,148 shares. Based on an average daily volume of 145,331 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Hensoldt Price Performance

Shares of OTCMKTS:HAGHY opened at $10.07 on Wednesday. Hensoldt has a fifty-two week low of $7.18 and a fifty-two week high of $13.74. The firm’s 50-day simple moving average is $9.17 and its 200-day simple moving average is $15.45.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Zacks Research upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

About Hensoldt

Hensoldt AG (OTCMKTS: HAGHY) is a Germany-based defense and security electronics company specializing in sensor solutions for military and civilian applications. Formed in 2017 through the spin-off of Airbus Defence and Space’s electronics division, Hensoldt has established itself as a leading provider of radar, optronics, electronic warfare systems, and command-and-control solutions. The company’s product portfolio spans airborne and naval radar systems, electro-optical and infrared (EO/IR) reconnaissance payloads, self-protection suites for aircraft and land vehicles, as well as integrated mission systems for surveillance and reconnaissance platforms.

Headquartered in Taufkirchen, near Munich, Hensoldt serves a global customer base that includes armed forces, governmental agencies, and critical infrastructure operators across Europe, the Americas, Asia-Pacific, and the Middle East.