Rheinmetall AG (OTCMKTS:RNMBY – Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 8,200 shares, a drop of 25.5% from the March 31st total of 11,000 shares. Based on an average trading volume of 288,400 shares, the short-interest ratio is currently 0.0 days.
Rheinmetall Stock Up 2.1 %
Shares of RNMBY opened at $354.30 on Friday. Rheinmetall has a twelve month low of $101.13 and a twelve month high of $358.23. The stock’s fifty day simple moving average is $291.49 and its 200 day simple moving average is $188.80.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded Rheinmetall from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th.
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.
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