Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Sees Significant Increase in Short Interest

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 162,148 shares, an increase of 981.8% from the July 15th total of 14,989 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 240,603 shares, the short-interest ratio is currently 0.7 days.

Hensoldt Trading Down 1.3%

OTCMKTS:HAGHY traded down $0.14 during mid-day trading on Tuesday, hitting $10.42. The stock had a trading volume of 80,866 shares, compared to its average volume of 121,482. The company has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $18.20. Hensoldt has a 52 week low of $7.18 and a 52 week high of $13.74.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Hensoldt

Hensoldt AG (OTCMKTS: HAGHY) is a Germany-based defense and security electronics company specializing in sensor solutions for military and civilian applications. Formed in 2017 through the spin-off of Airbus Defence and Space’s electronics division, Hensoldt has established itself as a leading provider of radar, optronics, electronic warfare systems, and command-and-control solutions. The company’s product portfolio spans airborne and naval radar systems, electro-optical and infrared (EO/IR) reconnaissance payloads, self-protection suites for aircraft and land vehicles, as well as integrated mission systems for surveillance and reconnaissance platforms.

Headquartered in Taufkirchen, near Munich, Hensoldt serves a global customer base that includes armed forces, governmental agencies, and critical infrastructure operators across Europe, the Americas, Asia-Pacific, and the Middle East.