Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 86,229 shares, a growth of 1,298.2% from the April 30th total of 6,167 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 339,929 shares, the short-interest ratio is currently 0.3 days.
Rheinmetall Trading Down 0.1%
Shares of RNMBY stock opened at $286.79 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The firm has a market cap of $66.74 billion, a P/E ratio of 134.64 and a beta of 0.16. The business has a 50-day moving average price of $324.25 and a two-hundred day moving average price of $365.80. Rheinmetall has a 12-month low of $259.76 and a 12-month high of $468.90.
Analysts Set New Price Targets
RNMBY has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Rheinmetall currently has a consensus rating of “Buy”.
About Rheinmetall
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.
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