Henkel AG & Co. (OTCMKTS:HENKY) Short Interest Down 43.8% in March

Key Points

• Short interest fell 43.8% to 30,694 shares as of March 31, with a days-to-cover ratio of 0.1 based on average daily volume of 316,202 shares and currently 0.0% of shares reported short.
• Henkel stock opened at $18.41, trading below its 50-day moving average of $20.15 but near its 200-day average of $19.46, with a 12-month range of $17.00 to $22.82.
• Barclays downgraded Henkel from "strong-buy" to "hold" on Jan. 23, and the current analyst consensus on MarketBeat is a "Moderate Buy" (one Strong Buy, three Holds).

Henkel AG & Co. (OTCMKTS:HENKY - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 30,694 shares, a decrease of 43.8% from the March 15th total of 54,577 shares. Based on an average daily volume of 316,202 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's shares are short sold.

Henkel AG & Co. Stock Performance

Henkel AG & Co. stock opened at $18.41 on Monday. The firm's fifty day moving average is $20.15 and its 200 day moving average is $19.46. Henkel AG & Co. has a 12-month low of $17.00 and a 12-month high of $22.82.

Analyst Ratings Changes

Separately, Barclays downgraded shares of Henkel AG & Co. from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Henkel AG & Co. currently has a consensus rating of "Moderate Buy".

Henkel AG & Co. Company Profile

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.