Short Interest in Porsche Automobil Holding SE (OTCMKTS:POAHY) Increases By 7,526.2%

Porsche Automobil Holding SE (OTCMKTS:POAHY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 320,300 shares, an increase of 7,526.2% from the December 31st total of 4,200 shares. Based on an average daily volume of 1,433,600 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays cut Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Citigroup raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lowered shares of Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, UBS Group downgraded shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Porsche Automobil Price Performance

Shares of OTCMKTS:POAHY opened at $3.90 on Wednesday. Porsche Automobil has a 1-year low of $3.47 and a 1-year high of $5.58. The business’s 50 day moving average is $3.66 and its 200-day moving average is $4.08.

Porsche Automobil Company Profile

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.