Short Interest in Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) Rises By 23.6%

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 64,969 shares, a growth of 23.6% from the November 30th total of 52,578 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 267,586 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 267,586 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group raised shares of Porsche Automobil from a “sell” rating to a “neutral” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group upgraded Porsche Automobil to a “hold” rating in a research report on Monday, November 24th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Porsche Automobil Stock Down 0.2%

Porsche Automobil stock traded down $0.01 during mid-day trading on Wednesday, hitting $4.63. The company had a trading volume of 28,882 shares, compared to its average volume of 212,094. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.12 and a current ratio of 2.12. Porsche Automobil has a 1 year low of $3.30 and a 1 year high of $4.79. The business has a fifty day moving average of $4.32 and a 200 day moving average of $4.13.

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.