Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Sees Significant Increase in Short Interest

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 35,095 shares, a growth of 39.1% from the March 15th total of 25,228 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 248,265 shares, the short-interest ratio is currently 0.1 days.

Hensoldt Stock Down 0.8%

Shares of Hensoldt stock opened at $9.42 on Friday. The company has a fifty day moving average price of $26.29 and a 200 day moving average price of $41.76. Hensoldt has a twelve month low of $7.00 and a twelve month high of $13.74.

Analysts Set New Price Targets

HAGHY has been the subject of several research reports. Jefferies Financial Group raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Kepler Capital Markets raised shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Zacks Research cut shares of Hensoldt from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Hensoldt

Hensoldt AG (OTCMKTS: HAGHY) is a Germany-based defense and security electronics company specializing in sensor solutions for military and civilian applications. Formed in 2017 through the spin-off of Airbus Defence and Space’s electronics division, Hensoldt has established itself as a leading provider of radar, optronics, electronic warfare systems, and command-and-control solutions. The company’s product portfolio spans airborne and naval radar systems, electro-optical and infrared (EO/IR) reconnaissance payloads, self-protection suites for aircraft and land vehicles, as well as integrated mission systems for surveillance and reconnaissance platforms.

Headquartered in Taufkirchen, near Munich, Hensoldt serves a global customer base that includes armed forces, governmental agencies, and critical infrastructure operators across Europe, the Americas, Asia-Pacific, and the Middle East.