Short Interest in Rheinmetall AG (OTCMKTS:RNMBY) Drops By 50.0%

Rheinmetall AG (OTCMKTS:RNMBY) saw a large decline in short interest in June. As of June 30th, there was short interest totalling 100 shares, a decline of 50.0% from the June 15th total of 200 shares. Based on an average daily volume of 59,600 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley started coverage on shares of Rheinmetall in a report on Wednesday, July 3rd. They issued an “overweight” rating for the company.

Rheinmetall Price Performance

Shares of OTCMKTS:RNMBY traded down $0.16 during trading on Friday, hitting $110.89. 22,567 shares of the stock were exchanged, compared to its average volume of 22,742. The company has a fifty day moving average price of $110.67 and a two-hundred day moving average price of $97.86. Rheinmetall has a 12-month low of $48.50 and a 12-month high of $121.85.

Rheinmetall Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th were paid a dividend of $0.8434 per share. The ex-dividend date was Wednesday, May 15th. This is an increase from Rheinmetall’s previous dividend of $0.64. Rheinmetall’s payout ratio is 400.01%.

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.