Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) Sees Large Growth in Short Interest

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 102,674 shares, a growth of 349.6% from the April 15th total of 22,839 shares. Based on an average daily volume of 424,432 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Porsche Automobil Stock Down 0.8%

POAHY traded down $0.03 on Friday, hitting $3.65. 78,712 shares of the company’s stock traded hands, compared to its average volume of 247,645. The company’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $4.10. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18. Porsche Automobil has a one year low of $3.45 and a one year high of $4.79.

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.