Henkel AG & Co. (OTCMKTS:HENKY) Sees Large Growth in Short Interest

Henkel AG & Co. (OTCMKTS:HENKY) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 54,577 shares, a growth of 132.0% from the February 26th total of 23,522 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 227,553 shares, the days-to-cover ratio is currently 0.2 days.

Henkel AG & Co. Trading Down 1.9%

Shares of OTCMKTS:HENKY traded down $0.34 during trading on Friday, reaching $17.86. The stock had a trading volume of 160,363 shares, compared to its average volume of 111,279. The stock has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $19.57. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. Henkel AG & Co. has a 52 week low of $16.54 and a 52 week high of $22.82.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded shares of Henkel AG & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Henkel AG & Co. presently has an average rating of “Moderate Buy”.

Henkel AG & Co. Company Profile

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.