Short Interest in Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) Rises By 41.6%

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 76,900 shares, a growth of 41.6% from the May 15th total of 54,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 293,300 shares, the short-interest ratio is presently 0.3 days.

Porsche Automobil Trading Down 0.3%

Shares of POAHY stock traded down $0.01 during trading hours on Thursday, hitting $3.74. The company had a trading volume of 520,579 shares, compared to its average volume of 172,683. The company has a current ratio of 16.13, a quick ratio of 16.13 and a debt-to-equity ratio of 0.21. Porsche Automobil has a 12 month low of $3.30 and a 12 month high of $4.72. The firm's fifty day moving average is $3.97 and its 200 day moving average is $3.86.

Porsche Automobil Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Wednesday, May 28th were issued a $0.112 dividend. This represents a dividend yield of 2.69%. The ex-dividend date was Tuesday, May 27th.

Analysts Set New Price Targets

POAHY has been the topic of several research reports. DZ Bank lowered Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Kepler Capital Markets lowered Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Barclays upgraded Porsche Automobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

About Porsche Automobil

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.