Rheinmetall AG (OTCMKTS:RNMBY) Short Interest Update

Rheinmetall AG (OTCMKTS:RNMBY) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 21,600 shares, an increase of 118.2% from the February 13th total of 9,900 shares. Based on an average daily volume of 198,800 shares, the days-to-cover ratio is presently 0.1 days.

Rheinmetall Price Performance

Shares of RNMBY traded up $5.98 during midday trading on Friday, reaching $285.30. The stock had a trading volume of 207,311 shares, compared to its average volume of 103,711. The company’s fifty day simple moving average is $176.49 and its two-hundred day simple moving average is $138.20. Rheinmetall has a 1-year low of $95.46 and a 1-year high of $285.67.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded 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.