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

Porsche Automobil Holding SE (OTCMKTS:POAHY) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 320,300 shares, an increase of 7,526.2% from the December 31st total of 4,200 shares. Based on an average daily volume of 1,433,600 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on POAHY shares. The Goldman Sachs Group cut Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 14th. UBS Group downgraded shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th. Barclays cut shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Finally, Citigroup upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Porsche Automobil Stock Performance

OTCMKTS:POAHY traded up $0.04 on Thursday, hitting $3.88. 167,517 shares of the stock were exchanged, compared to its average volume of 347,976. Porsche Automobil has a 52 week low of $3.47 and a 52 week high of $5.58. The company’s 50-day moving average price is $3.68 and its 200 day moving average price is $4.07.

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.