thyssenkrupp AG (OTCMKTS:TKAMY) Sees Large Growth in Short Interest

thyssenkrupp AG (OTCMKTS:TKAMY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 26,400 shares, a growth of 103.1% from the February 28th total of 13,000 shares. Based on an average daily volume of 808,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut thyssenkrupp from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th.

thyssenkrupp Stock Down 4.0 %

OTCMKTS TKAMY opened at $9.68 on Friday. The business’s fifty day simple moving average is $7.25 and its 200-day simple moving average is $5.02. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.03 billion, a PE ratio of -4.40 and a beta of 1.85. thyssenkrupp has a 52 week low of $3.08 and a 52 week high of $11.65.

thyssenkrupp (OTCMKTS:TKAMY) last issued its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter. thyssenkrupp had a negative return on equity of 11.24% and a negative net margin of 3.63%. The firm had revenue of $8.35 billion for the quarter.

thyssenkrupp Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, February 4th were given a $0.1552 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This is a boost from thyssenkrupp’s previous dividend of $0.10. thyssenkrupp’s dividend payout ratio is presently -4.09%.

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.