Short Interest in Porsche Automobil Holding SE (OTCMKTS:POAHY) Decreases By 82.2%

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 22,900 shares, a drop of 82.2% from the February 13th total of 129,000 shares. Based on an average daily trading volume, of 464,700 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Porsche Automobil Stock Up 0.2 %

Porsche Automobil stock traded up $0.01 during mid-day trading on Wednesday, hitting $4.20. 132,331 shares of the stock were exchanged, compared to its average volume of 288,529. The firm’s fifty day simple moving average is $3.84 and its two-hundred day simple moving average is $3.97. Porsche Automobil has a 12 month low of $3.47 and a 12 month high of $5.58.

Wall Street Analysts Forecast Growth

POAHY has been the topic of a number of research reports. Hsbc Global Res raised shares of Porsche Automobil from a “moderate sell” rating to a “hold” rating in a report on Thursday, February 13th. Berenberg Bank lowered shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. The Goldman Sachs Group downgraded Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 14th. Finally, UBS Group downgraded Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.