Rheinmetall AG (OTCMKTS:RNMBY) Sees Significant Decline in Short Interest

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

Rheinmetall Stock Down 3.1 %

Shares of OTCMKTS RNMBY opened at $282.48 on Friday. The stock has a fifty day moving average price of $211.56 and a 200 day moving average price of $151.61. Rheinmetall has a 1-year low of $101.13 and a 1-year high of $318.37.

Wall Street Analyst Weigh In

Separately, UBS Group raised Rheinmetall from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th.

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.