Rheinmetall AG (OTCMKTS:RNMBY) Sees Large Growth in Short Interest

Rheinmetall AG (OTCMKTS:RNMBY) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 21,600 shares, an increase of 118.2% from the February 13th total of 9,900 shares. Based on an average daily volume of 198,800 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Rheinmetall Price Performance

Shares of RNMBY stock opened at $298.70 on Friday. The stock has a 50-day moving average of $176.49 and a 200-day moving average of $138.20. Rheinmetall has a 1-year low of $97.98 and a 1-year 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.