Short Interest in Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) Declines By 41.3%

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 275,747 shares, a decline of 41.3% from the May 31st total of 469,410 shares. Based on an average trading volume of 826,127 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. The Goldman Sachs Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

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Porsche Automobil Price Performance

Shares of POAHY stock opened at $3.02 on Wednesday. The stock has a 50 day moving average price of $3.57 and a 200 day moving average price of $3.94. Porsche Automobil has a 52-week low of $3.01 and a 52-week high of $4.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.94 and a quick ratio of 9.94.

Porsche Automobil Company Profile

(Get Free Report)

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.

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