Porsche Automobil Holding SE (OTCMKTS:POAHY) Sees Significant Growth in Short Interest

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

Porsche Automobil Price Performance

Shares of OTCMKTS POAHY traded up $0.04 during trading hours on Thursday, hitting $3.88. 167,517 shares of the stock were exchanged, compared to its average volume of 347,976. Porsche Automobil has a one year low of $3.47 and a one year high of $5.58. The company’s 50 day moving average is $3.68 and its 200 day moving average is $4.07.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on POAHY shares. UBS Group cut Porsche Automobil from a “hold” rating to a “strong sell” rating in a research note on Monday, December 9th. The Goldman Sachs Group lowered shares of Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Citigroup raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays cut Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Porsche Automobil presently has an average rating of “Hold”.

Porsche Automobil Company Profile

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.