Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Update

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 43,933 shares, a drop of 40.6% from the November 30th total of 73,998 shares. Based on an average trading volume of 123,114 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 123,114 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

RNMBY has been the subject of a number of recent research reports. Barclays assumed coverage on Rheinmetall in a research note on Monday, September 8th. They set an “overweight” rating for the company. Zacks Research upgraded Rheinmetall to a “hold” rating in a report on Friday, December 19th. Sanford C. Bernstein upgraded shares of Rheinmetall from a “hold” rating to an “outperform” rating in a research note on Thursday, December 11th. The Goldman Sachs Group began coverage on shares of Rheinmetall in a research note on Friday, September 19th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rheinmetall in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Rheinmetall Stock Performance

Shares of Rheinmetall stock traded up $2.70 on Friday, hitting $366.63. 42,847 shares of the company’s stock traded hands, compared to its average volume of 67,739. The firm’s 50-day moving average is $378.93 and its 200 day moving average is $402.27. Rheinmetall has a 52-week low of $122.64 and a 52-week high of $468.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.49 and a current ratio of 1.14.

Rheinmetall (OTCMKTS:RNMBY) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.77 EPS for the quarter. The business had revenue of $3.25 billion for the quarter.

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.