Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) Short Interest Down 40.6% in December

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 43,933 shares, a decrease of 40.6% from the November 30th total of 73,998 shares. Based on an average trading volume of 123,114 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 123,114 shares, the days-to-cover ratio is presently 0.4 days.

Rheinmetall Stock Performance

OTCMKTS RNMBY opened at $366.63 on Monday. Rheinmetall has a 12 month low of $122.64 and a 12 month high of $468.90. The company’s 50 day moving average is $378.93 and its two-hundred day moving average is $402.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.49 and a current ratio of 1.14.

Rheinmetall (OTCMKTS:RNMBY) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.77 earnings per share for the quarter. The firm had revenue of $3.25 billion during the quarter.

Analyst Upgrades and Downgrades

RNMBY has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded Rheinmetall from a “hold” rating to an “outperform” rating in a research note on Thursday, December 11th. Barclays started coverage on shares of Rheinmetall in a report on Monday, September 8th. They issued an “overweight” rating on the stock. Zacks Research raised shares of Rheinmetall to a “hold” rating in a report on Friday, December 19th. The Goldman Sachs Group initiated coverage on shares of Rheinmetall in a research report on Friday, September 19th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rheinmetall in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Rheinmetall Company Profile

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.