Short Interest in Thales S.A. (OTCMKTS:THLEF) Decreases By 23.4%

Thales S.A. (OTCMKTS:THLEF) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 42,000 shares, a decrease of 23.4% from the March 15th total of 54,800 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is presently 7.4 days.

Institutional Investors Weigh In On Thales

A hedge fund recently bought a new stake in Thales stock. Generali Investments CEE investicni spolecnost a.s. bought a new position in Thales S.A. (OTCMKTS:THLEF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,580 shares of the company’s stock, valued at approximately $4,386,000. Hedge funds and other institutional investors own 20.76% of the company’s stock.

Thales Stock Down 3.2 %

OTCMKTS:THLEF traded down $9.50 during mid-day trading on Friday, reaching $287.49. 241 shares of the company’s stock traded hands, compared to its average volume of 2,175. Thales has a 12-month low of $136.99 and a 12-month high of $300.00. The company has a 50 day moving average price of $246.76 and a 200-day moving average price of $186.60.

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.