Rheinmetall AG (OTCMKTS:RNMBY) Sees Significant Drop in Short Interest

Rheinmetall AG (OTCMKTS:RNMBY) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, a decrease of 73.4% from the December 15th total of 9,400 shares. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is presently 0.1 days.

Rheinmetall Price Performance

OTCMKTS RNMBY traded down $1.77 during trading hours on Monday, hitting $131.66. The company had a trading volume of 65,964 shares, compared to its average volume of 30,766. Rheinmetall has a fifty-two week low of $68.58 and a fifty-two week high of $139.60. The business has a fifty day simple moving average of $126.70 and a 200-day simple moving average of $116.28.

Rheinmetall Company Profile

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.