Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Down 48.0% in June

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBYGet Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,449 shares, a decrease of 48.0% from the June 15th total of 14,338 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 157,099 shares, the days-to-cover ratio is currently 0.0 days.

Rheinmetall Stock Down 0.8%

Shares of OTCMKTS:RNMBY opened at $222.67 on Wednesday. The stock has a market cap of $51.82 billion, a P/E ratio of 104.54 and a beta of 0.18. The business’s 50 day moving average is $266.15 and its 200 day moving average is $339.13. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. Rheinmetall has a 52-week low of $211.20 and a 52-week high of $468.90.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research cut shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Finally, Santander raised Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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About Rheinmetall

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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.

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