Thales S.A. (OTCMKTS:THLLY) Shares Shorted: Short Interest Down 47.5% in September

Thales S.A. (OTCMKTS:THLLY) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 8,821 shares, a drop of 47.5% from the August 31st total of 16,816 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,459 shares, the days-to-cover ratio is presently 0.1 days.

Thales Trading Down 1.1%

Shares of OTCMKTS:THLLY opened at $50.72 on Thursday. Thales has a 52-week low of $48.75 and a 52-week high of $65.46. The company has a fifty day moving average of $56.53 and a 200-day moving average of $55.53.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Royal Bank Of Canada began coverage on shares of Thales in a report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Thales Company Profile

Thales SE is a French technology and defense company that develops systems and services for the defense, aerospace, space, digital identity and security markets. Its offerings include radars, mission systems, secure communications, avionics, air traffic management solutions, satellite systems and cybersecurity technologies.

The company also provides digital identity and biometric solutions used by governments, financial institutions and other organizations. Its products and services support applications including border management, payment security, civil aviation, transportation and critical infrastructure protection.

Thales traces its origins to Thomson-CSF and adopted the Thales name in 2000.