Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Up 1,298.2% in May
by Jessica Moore · The Cerbat GemRheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 86,229 shares, an increase of 1,298.2% from the April 30th total of 6,167 shares. Based on an average trading volume of 339,929 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.
Rheinmetall Price Performance
OTCMKTS:RNMBY traded down $0.27 on Wednesday, hitting $286.79. The company had a trading volume of 56,650 shares, compared to its average volume of 126,768. The stock has a market capitalization of $66.74 billion, a price-to-earnings ratio of 134.64 and a beta of 0.16. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $324.25 and a two-hundred day moving average of $365.80. Rheinmetall has a 52 week low of $259.76 and a 52 week high of $468.90.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on RNMBY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Santander raised shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.
Check Out Our Latest Report on Rheinmetall
Rheinmetall Company Profile
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.