Short Interest in Porsche Automobil Holding SE (OTCMKTS:POAHY) Expands By 254.6%

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 81,200 shares, an increase of 254.6% from the February 28th total of 22,900 shares. Based on an average trading volume of 483,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Porsche Automobil Trading Down 1.5 %

Porsche Automobil stock opened at $3.82 on Friday. Porsche Automobil has a 52-week low of $3.47 and a 52-week high of $5.58. The stock has a fifty day moving average price of $3.93 and a two-hundred day moving average price of $3.94.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on POAHY. UBS Group cut Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th. Berenberg Bank cut shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. The Goldman Sachs Group downgraded shares of Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 14th. Finally, Hsbc Global Res raised shares of Porsche Automobil from a “moderate sell” rating to a “hold” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

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.