Short Interest in Thales S.A. (OTCMKTS:THLEF) Expands By 108.5%

Thales S.A. (OTCMKTS:THLEF) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 56,700 shares, a growth of 108.5% from the February 13th total of 27,200 shares. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 10.5 days.

Thales Price Performance

OTCMKTS:THLEF opened at $274.00 on Friday. Thales has a 1-year low of $136.99 and a 1-year high of $280.20. The business’s 50-day moving average price is $183.94 and its two-hundred day moving average price is $166.56.

Institutional Investors Weigh In On Thales

An institutional investor recently bought a new position in Thales stock. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Thales S.A. (OTCMKTS:THLEF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,580 shares of the company’s stock, valued at approximately $4,386,000. 20.76% of the stock is currently owned by hedge funds and other institutional investors.

About Thales

Thales SA provides various solutions in the defence and security, aerospace and space, digital identity and security, and transport markets worldwide. It operates through Aerospace, Defence & Security, Digital Identity & Security, and Ground Transportation Systems business segments. The company offers communications, command, and control systems; mission services and support; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, naval, and joint forces; and digital identity and security solutions.