Rheinmetall AG (OTCMKTS:RNMBY – Get Free Report) was the target of a large decrease in short interest in 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.
Rheinmetall Stock Performance
OTCMKTS RNMBY traded up $8.77 during trading hours on Friday, reaching $217.97. The company’s stock had a trading volume of 146,495 shares, compared to its average volume of 75,341. The business has a 50-day simple moving average of $153.14 and a 200 day simple moving average of $129.67. Rheinmetall has a 52 week low of $90.00 and a 52 week high of $219.05.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded shares of Rheinmetall from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th.
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.
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