Porsche Automobil Holding SE (OTCMKTS:POAHY) Sees Large Increase in Short Interest

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 81,200 shares, an increase of 254.6% from the February 28th total of 22,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 483,700 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group cut Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 14th. UBS Group downgraded Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. Hsbc Global Res upgraded shares of Porsche Automobil from a “moderate sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Berenberg Bank lowered shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Porsche Automobil Stock Performance

Porsche Automobil stock traded down $0.06 on Friday, hitting $3.82. 310,317 shares of the stock traded hands, compared to its average volume of 263,630. Porsche Automobil has a 1 year low of $3.47 and a 1 year high of $5.58. The business’s fifty day simple moving average is $3.93 and its 200 day simple moving average is $3.95.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.