Rheinmetall AG (OTCMKTS:RNMBY – Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 21,600 shares, a growth of 118.2% from the February 13th total of 9,900 shares. Based on an average daily trading volume, of 198,800 shares, the days-to-cover ratio is presently 0.1 days.
Rheinmetall Trading Up 2.1 %
Shares of RNMBY stock traded up $5.98 during midday trading on Friday, hitting $285.30. The company had a trading volume of 207,311 shares, compared to its average volume of 103,711. The company’s 50 day simple moving average is $176.49 and its 200 day simple moving average is $138.20. Rheinmetall has a 52-week low of $95.46 and a 52-week high of $285.67.
Analyst Upgrades and Downgrades
Separately, UBS Group upgraded Rheinmetall from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th.
About Rheinmetall
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.
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