Grenke

DE000A161N30

Grenke AG is a German manufacturer-independent leasing company which is specialized in office communication-products, including printers, copiers, telephone systems, servers and laptop computers. Besides its leasing-activities, Grenke makes a notable portion of its revenue with factoring services. By acquiring the German private bank Hesse Newman in 2009, the company obtained a banking license. The most important markets for the company are Germany, France and Italy.

Grenke has been a target of short sellers for a while. The current short interest of 0.62% is roughly at the average of the last 12 months (1.50%).

History