Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) Short Interest Update

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

Porsche Automobil Price Performance

Shares of POAHY stock opened at $3.14 on Friday. Porsche Automobil has a 12-month low of $3.01 and a 12-month high of $4.79. The business’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.91. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

A number of brokerages have commented on POAHY. The Goldman Sachs Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. UBS Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

About Porsche Automobil

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.