Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Update

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 42,508 shares, a decline of 50.7% from the May 14th total of 86,229 shares. Based on an average daily volume of 150,768 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

RNMBY has been the subject of a number of recent analyst reports. Santander upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Rheinmetall presently has a consensus rating of “Moderate Buy”.

Rheinmetall Trading Down 4.3%

RNMBY traded down $12.07 during trading on Monday, hitting $265.84. 65,598 shares of the company’s stock were exchanged, compared to its average volume of 78,840. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. Rheinmetall has a 1 year low of $259.76 and a 1 year high of $468.90. The stock has a 50 day moving average price of $309.10 and a 200 day moving average price of $356.92. The firm has a market cap of $61.86 billion, a P/E ratio of 124.81 and a beta of 0.12.

About Rheinmetall

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.