Short Interest in thyssenkrupp AG (OTCMKTS:TKAMY) Rises By 206.3%

thyssenkrupp AG (OTCMKTS:TKAMY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 4,900 shares, an increase of 206.3% from the September 30th total of 1,600 shares. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 0.3 days.

thyssenkrupp Price Performance

Shares of TKAMY remained flat at $3.59 during mid-day trading on Friday. The stock had a trading volume of 787 shares, compared to its average volume of 10,340. The firm’s 50-day moving average price is $3.56 and its 200 day moving average price is $4.26. thyssenkrupp has a fifty-two week low of $3.08 and a fifty-two week high of $7.73. The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.23 billion, a PE ratio of 25.64 and a beta of 1.92.

thyssenkrupp (OTCMKTS:TKAMY) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $9.67 billion for the quarter. thyssenkrupp had a negative return on equity of 0.45% and a negative net margin of 0.14%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded thyssenkrupp to a “strong-buy” rating in a research report on Monday, September 16th.

About thyssenkrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.