Rheinmetall AG (OTCMKTS:RNMBY) Short Interest Update

Rheinmetall AG (OTCMKTS:RNMBY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the September 30th total of 200 shares. Based on an average daily volume of 44,000 shares, the days-to-cover ratio is presently 0.0 days.

Rheinmetall Trading Down 3.4 %

RNMBY stock traded down $3.73 during trading on Friday, hitting $105.00. 15,993 shares of the company traded hands, compared to its average volume of 22,076. Rheinmetall has a 1 year low of $56.07 and a 1 year high of $124.70. The company has a 50-day moving average of $111.94 and a 200-day moving average of $111.32.

Rheinmetall (OTCMKTS:RNMBY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.65 EPS for the quarter. The business had revenue of $2.40 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley assumed coverage on Rheinmetall in a report on Wednesday, July 3rd. They issued an “overweight” rating for the company.

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.