Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Sees Significant Increase in Short Interest

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 51,949 shares, a growth of 694.8% from the October 15th total of 6,536 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 88,816 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

RNMBY has been the topic of several analyst reports. Sanford C. Bernstein downgraded shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 6th. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Berenberg Bank lowered shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, Royal Bank Of Canada assumed coverage on Rheinmetall in a research report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Rheinmetall currently has an average rating of “Moderate Buy”.

Rheinmetall Stock Up 1.3%

OTCMKTS RNMBY opened at $191.95 on Wednesday. Rheinmetall has a one year low of $179.73 and a one year high of $450.00. The stock has a 50-day moving average of $224.73 and a 200 day moving average of $289.91. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21.

Rheinmetall (OTCMKTS:RNMBY) last posted its earnings results on Thursday, November 5th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.22). The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.60 billion. Rheinmetall had a net margin of 7.51% and a return on equity of 23.98%. As a group, analysts forecast that Rheinmetall will post 8.35 EPS for the current fiscal year.

Rheinmetall Company Profile

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers. The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.