Porsche Automobil Holding SE (OTCMKTS:POAHY) Short Interest Up 483.9% in May

Porsche Automobil Holding SE (OTCMKTS:POAHY - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 54,300 shares, an increase of 483.9% from the April 30th total of 9,300 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 434,500 shares, the short-interest ratio is presently 0.1 days.

Porsche Automobil Stock Down 1.0%

POAHY traded down $0.04 during trading hours on Friday, reaching $3.93. The company's stock had a trading volume of 143,395 shares, compared to its average volume of 296,406. Porsche Automobil has a 52 week low of $3.30 and a 52 week high of $5.47. The company's 50-day moving average is $3.92 and its 200-day moving average is $3.83.

Porsche Automobil Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Investors of record on Wednesday, May 28th will be paid a $0.112 dividend. This represents a yield of 2.69%. The ex-dividend date is Tuesday, May 27th.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on POAHY shares. Hsbc Global Res upgraded Porsche Automobil from a "moderate sell" rating to a "hold" rating in a research note on Thursday, February 13th. DZ Bank cut Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Kepler Capital Markets cut Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 15th. Barclays upgraded Porsche Automobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Berenberg Bank cut Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Two research 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. According to MarketBeat.com, the stock has a consensus 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.