Rheinmetall AG (OTCMKTS:RNMBY) Short Interest Up 118.2% in February

Rheinmetall AG (OTCMKTS:RNMBY) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 21,600 shares, a growth of 118.2% from the February 13th total of 9,900 shares. Based on an average daily volume of 198,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Rheinmetall from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th.

Rheinmetall Stock Up 4.7 %

Shares of OTCMKTS RNMBY opened at $298.70 on Friday. Rheinmetall has a fifty-two week low of $97.98 and a fifty-two week high of $301.22. The business has a fifty day moving average price of $176.49 and a two-hundred day moving average price of $138.20.

Rheinmetall Company Profile

Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.