Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Down 48.0% in June

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,449 shares, a decrease of 48.0% from the June 15th total of 14,338 shares. Based on an average daily trading volume, of 157,099 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RNMBY. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Finally, Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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Rheinmetall Stock Performance

Shares of RNMBY opened at $222.50 on Thursday. Rheinmetall has a 52-week low of $211.20 and a 52-week high of $468.90. The stock’s 50-day simple moving average is $263.91 and its 200 day simple moving average is $338.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. The stock has a market capitalization of $51.78 billion, a price-to-earnings ratio of 104.46 and a beta of 0.18.

About Rheinmetall

(Get Free Report)

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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