Short Interest in Henkel AG & Co. (OTCMKTS:HENKY) Expands By 52.8%

Key Points

• Henkel AG & Co. experienced a significant increase in short interest, rising by 52.8% in August to a total of 59,900 shares.
• The company's stock is currently rated as a Buy by analysts, with recent adjustments including a downgrade by Zacks Research and an upgrade by Barclays.
• As of the latest trading session, Henkel's stock price is $19.80, reflecting a 1.3% increase and a trading volume of 44,920 shares.

Henkel AG & Co. (OTCMKTS:HENKY - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 59,900 shares, an increase of 52.8% from the July 31st total of 39,200 shares. Based on an average daily trading volume, of 149,200 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 149,200 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on HENKY. BNP Paribas upgraded shares of Henkel AG & Co. from a "hold" rating to a "strong-buy" rating in a report on Monday. Zacks Research cut Henkel AG & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Barclays raised Henkel AG & Co. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Henkel AG & Co. presently has a consensus rating of "Buy".

Henkel AG & Co. Stock Down 0.8%

HENKY traded down $0.15 during trading on Friday, reaching $19.64. The stock had a trading volume of 38,289 shares, compared to its average volume of 122,507. Henkel AG & Co. has a one year low of $16.54 and a one year high of $21.37. The stock's 50 day moving average is $18.80 and its two-hundred day moving average is $18.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.93.

Henkel AG & Co. Company Profile

Henkel AG & Co KGaA, together with its subsidiaries, engages in the adhesive technologies and beauty care, and laundry and home care businesses worldwide. It operates in two segments, Adhesive Technologies and Consumer Brands segments. The company offers adhesives, sealants, and functional coatings for various business areas, including packaging and consumer goods; mobility and electronics; and craftsmen, construction, and professional industries.