Short Interest in Thales S.A. (OTCMKTS:THLLY) Rises By 195.9%

Thales S.A. (OTCMKTS:THLLYGet Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 43,500 shares, an increase of 195.9% from the March 31st total of 14,700 shares. Based on an average daily volume of 91,400 shares, the short-interest ratio is presently 0.5 days.

A number of research analysts recently commented on the stock. Societe Generale downgraded shares of Thales from a “buy” rating to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Thales from €110.00 ($118.28) to €137.00 ($147.31) and gave the company a “buy” rating in a research report on Tuesday, April 12th. Jefferies Financial Group raised shares of Thales from a “hold” rating to a “buy” rating in a research report on Tuesday, March 1st. Finally, Morgan Stanley cut shares of Thales from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Thales currently has an average rating of “Buy” and an average price target of $118.50.

Shares of THLLY stock traded down $0.27 during mid-day trading on Friday, hitting $25.45. The stock had a trading volume of 29,460 shares, compared to its average volume of 141,562. Thales has a fifty-two week low of $15.69 and a fifty-two week high of $27.94. The company’s 50-day simple moving average is $25.09 and its 200-day simple moving average is $20.45.

About Thales (Get Rating)

Thales SA provides various solutions for civilian and military customers in the aeronautics, space, defense, security, and ground transportation markets worldwide. It operates through Aerospace, Transport, Defence & Security, and Digital Identity & Security segments. The company offers communications, command, and control systems; mission services and support; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, naval, and joint forces; and digital identity and security solutions.

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