Rheinmetall AG (OTCMKTS:RNMBY) Short Interest Update

Rheinmetall AG (OTCMKTS:RNMBY) was the target of a large growth in short interest in 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 trading volume of 198,800 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Rheinmetall from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 24th.

Rheinmetall Price Performance

OTCMKTS RNMBY opened at $298.70 on Friday. The business has a 50 day simple moving average of $179.93 and a 200 day simple moving average of $139.59. Rheinmetall has a 52-week low of $97.98 and a 52-week high of $301.22.

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.