Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 34,089 shares, a growth of 265.3% from the September 15th total of 9,333 shares. Based on an average trading volume of 342,996 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Hensoldt Stock Up 5.2%
Shares of OTCMKTS:HAGHY opened at $8.94 on Tuesday. The firm’s 50-day simple moving average is $9.49 and its 200-day simple moving average is $9.12. Hensoldt has a fifty-two week low of $7.18 and a fifty-two week high of $12.28.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on HAGHY. Jefferies Financial Group raised Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Hensoldt presently has an average rating of “Buy”.
About Hensoldt
HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electro-optical and infrared sensors, electronic warfare equipment, avionics, and integrated command-and-control and data-fusion technologies.
The company’s products are used for air defense, surveillance, reconnaissance, situational awareness, and the protection of military platforms and personnel. HENSOLDT serves armed forces, government agencies, and defense contractors, with Germany and other European markets forming an important part of its customer base alongside international defense markets.
HENSOLDT was established in 2017 through the separation of Airbus Defence and Space’s electronics activities, building on longstanding German defense-electronics operations.
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