Short Interest in Rheinmetall AG (OTCMKTS:RNMBY) Decreases By 42.6%

Rheinmetall AG (OTCMKTS:RNMBY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 12,400 shares, a decrease of 42.6% from the February 28th total of 21,600 shares. Based on an average daily volume of 443,200 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Rheinmetall from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th.

Rheinmetall Stock Performance

Shares of RNMBY stock traded down $9.09 during trading hours on Friday, hitting $282.48. The company had a trading volume of 75,645 shares, compared to its average volume of 114,728. Rheinmetall has a fifty-two week low of $101.13 and a fifty-two week high of $318.37. The company’s fifty day moving average is $211.56 and its 200 day moving average is $151.88.

Rheinmetall Company Profile

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.