Porsche Automobil Holding SE (OTCMKTS:POAHY) Short Interest Up 254.6% in March

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 81,200 shares, a growth of 254.6% from the February 28th total of 22,900 shares. Based on an average daily volume of 483,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on POAHY shares. The Goldman Sachs Group downgraded shares of Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Berenberg Bank downgraded shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Hsbc Global Res raised Porsche Automobil from a “moderate sell” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, UBS Group cut Porsche Automobil from a “hold” rating to a “strong sell” rating in a research 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Porsche Automobil Stock Down 1.7 %

Shares of POAHY traded down $0.07 during trading hours on Thursday, reaching $3.96. 183,137 shares of the company traded hands, compared to its average volume of 260,730. Porsche Automobil has a 1-year low of $3.47 and a 1-year high of $5.58. The stock’s fifty day moving average is $3.92 and its 200 day moving average is $3.95.

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.