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Porsche Automobil Holding SE (OTCMKTS:POAHY) Sees Large Increase in Short Interest

kopsource ·  Dec 15, 2022 22:41

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 42,900 shares,  a growth of 28.8% from the November 15th total of 33,300 shares. Based on an average daily trading volume, of 796,700 shares, the days-to-cover ratio is presently 0.1 days.

Porsche Automobil Price Performance

OTCMKTS POAHY traded down $0.24 during trading hours on Thursday, hitting $5.57. 465,777 shares of the company were exchanged, compared to its average volume of 538,889. The company has a 50 day moving average of $5.80 and a two-hundred day moving average of $6.56. Porsche Automobil has a 52-week low of $5.31 and a 52-week high of $11.02.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on POAHY shares. HSBC upgraded Porsche Automobil from a "hold" rating to a "buy" rating in a report on Monday, December 5th. AlphaValue upgraded Porsche Automobil to a "buy" rating in a report on Wednesday, October 5th. Societe Generale boosted their price objective on Porsche Automobil from €130.00 ($136.84) to €134.00 ($141.05) and gave the company a "buy" rating in a report on Thursday, November 17th. Finally, Sanford C. Bernstein upgraded Porsche Automobil from an "underperform" rating to a "market perform" rating in a report on Thursday, November 10th.

About Porsche Automobil

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Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates through 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, Bugatti, Lamborghini, and Porsche brand names.

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