Porsche Automobil Holding SE (OTCMKTS:POAHY) Sees Large Increase in Short Interest

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 320,300 shares, a growth of 7,526.2% from the December 15th total of 4,200 shares. Based on an average daily trading volume, of 1,433,600 shares, the short-interest ratio is presently 0.2 days.

Porsche Automobil Price Performance

Shares of POAHY stock opened at $3.64 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.63 and a current ratio of 15.57. Porsche Automobil has a one year low of $3.47 and a one year high of $5.58. The firm’s 50 day moving average price is $3.68 and its 200-day moving average price is $4.14.

Analysts Set New Price Targets

A number of brokerages recently commented on POAHY. UBS Group downgraded Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th. Citigroup raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays cut shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd.

About Porsche Automobil

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.