Rheinmetall AG (OTCMKTS:RNMBY) Short Interest Down 52.4% in April

Rheinmetall AG (OTCMKTS:RNMBY) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 6,900 shares, a drop of 52.4% from the March 31st total of 14,500 shares. Based on an average daily trading volume, of 51,500 shares, the short-interest ratio is presently 0.1 days.

Rheinmetall Stock Up 1.2 %

Shares of Rheinmetall stock traded up $1.32 on Friday, reaching $111.76. The stock had a trading volume of 24,568 shares, compared to its average volume of 22,605. Rheinmetall has a 1 year low of $48.50 and a 1 year high of $121.85. The company has a 50 day moving average price of $103.19 and a 200 day moving average price of $77.42.

Rheinmetall Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be issued a $0.8434 dividend. This is a positive change from Rheinmetall’s previous dividend of $0.64. The ex-dividend date is Wednesday, May 15th. Rheinmetall’s payout ratio is currently 390.70%.

About Rheinmetall

Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.