Thales S.A. (OTCMKTS:THLEF) Sees Significant Decrease in Short Interest

Thales S.A. (OTCMKTS:THLEFGet Rating) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 8,900 shares, a decline of 88.3% from the March 15th total of 76,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 89.0 days.

Shares of OTCMKTS:THLEF remained flat at $$131.47 during trading on Wednesday. The stock had a trading volume of 477 shares, compared to its average volume of 390. The business’s 50-day simple moving average is $113.55. Thales has a fifty-two week low of $78.25 and a fifty-two week high of $134.00.

Several equities analysts have issued reports on the company. Jefferies Financial Group upgraded Thales from a “hold” rating to a “buy” rating in a research report on Tuesday, March 1st. Morgan Stanley upgraded Thales from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 16th. Finally, JPMorgan Chase & Co. boosted their target price on Thales from €100.00 ($108.70) to €125.00 ($135.87) and gave the stock an “overweight” rating in a research report on Monday, February 28th.

Thales Company Profile (Get Rating)

Thales SA is a holding company that engages in the manufacture, marketing, and sale of electronic equipment and systems for aeronautics, naval, and defense sectors. It operates through the following segments: Defense and Security, Digital Identity and Security, Aerospace and Transport. The Defense and Security segment designs and delivers systems for the following domain: land, air, naval, space, and cyberspace.

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