Short Interest in Porsche Automobil Holding SE (OTCMKTS:POAHY) Decreases By 79.3%

Porsche Automobil Holding SE (OTCMKTS:POAHY - Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 18,300 shares, a drop of 79.3% from the March 31st total of 88,200 shares. Based on an average daily trading volume, of 1,474,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on POAHY shares. The Goldman Sachs Group lowered Porsche Automobil from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, January 14th. Hsbc Global Res raised Porsche Automobil from a "moderate sell" rating to a "hold" rating in a research note on Thursday, February 13th. DZ Bank lowered shares of Porsche Automobil from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Finally, Berenberg Bank lowered shares of Porsche Automobil from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Porsche Automobil Stock Performance

OTCMKTS:POAHY traded down $0.07 during trading hours on Wednesday, hitting $4.06. The company had a trading volume of 197,672 shares, compared to its average volume of 325,219. Porsche Automobil has a 52 week low of $3.30 and a 52 week high of $5.47. The stock has a 50-day moving average price of $3.89 and a 200 day moving average price of $3.84.

Porsche Automobil Company Profile

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.