Rheinmetall AG (OTCMKTS:RNMBY) Short Interest Update

Rheinmetall AG (OTCMKTS:RNMBY) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 9,900 shares, a decrease of 58.2% from the January 31st total of 23,700 shares. Based on an average daily volume of 182,900 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Rheinmetall Price Performance

Shares of RNMBY opened at $217.97 on Monday. Rheinmetall has a 12 month low of $90.00 and a 12 month high of $219.05. The stock’s 50 day moving average is $153.14 and its two-hundred day moving average is $129.73.

About Rheinmetall

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.