Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 275,747 shares, a decline of 41.3% from the May 31st total of 469,410 shares. Based on an average daily trading volume, of 826,127 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.
Porsche Automobil Stock Performance
Porsche Automobil stock opened at $3.02 on Wednesday. Porsche Automobil has a 52-week low of $3.01 and a 52-week high of $4.79. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $3.57 and its 200 day moving average is $3.94.
Wall Street Analysts Forecast Growth
POAHY has been the subject of several research analyst reports. UBS Group raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.
About Porsche Automobil
Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.
Recommended Stories
- Five stocks we like better than Porsche Automobil
- 3 Charts That Could Change the Course of Summer Trading
- Burger King’s Turnaround Is Putting Restaurant Brands Back in Focus
- Short Squeeze Alert—Moderna Stock Surges on New Strategy
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
Receive News & Ratings for Porsche Automobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Porsche Automobil and related companies with MarketBeat.com's FREE daily email newsletter.
