Thales S.A. (OTCMKTS:THLLY) Stock Short Interest Falls 47.5%

Thales S.A. (OTCMKTS:THLLY) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 8,821 shares, a drop of 47.5% from the August 31st total of 16,816 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 87,459 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

THLLY has been the subject of a number of recent analyst reports. Citigroup reiterated a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Royal Bank Of Canada initiated coverage on Thales in a research report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Thales Price Performance

THLLY traded down $0.39 during trading hours on Wednesday, hitting $50.89. 8,516 shares of the company’s stock were exchanged, compared to its average volume of 75,902. Thales has a 12-month low of $48.75 and a 12-month high of $65.46. The firm has a 50 day moving average of $56.56 and a 200 day moving average of $55.58.

About Thales

Thales SE is a French technology and defense company that develops systems and services for the defense, aerospace, space, digital identity and security markets. Its offerings include radars, mission systems, secure communications, avionics, air traffic management solutions, satellite systems and cybersecurity technologies.

The company also provides digital identity and biometric solutions used by governments, financial institutions and other organizations. Its products and services support applications including border management, payment security, civil aviation, transportation and critical infrastructure protection.

Thales traces its origins to Thomson-CSF and adopted the Thales name in 2000.