MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Large Decrease in Short Interest

Key Points

• Short interest in MTU Aero Engines fell sharply in June, dropping 40.3% to 8,514 shares from 14,266 shares two weeks earlier. That leaves essentially no shares sold short, with a very low short-interest ratio of 0.1 days.
• The stock traded lower on Thursday, ending at $197.43 after a $2.57 decline, with volume below average. MTUAY remains near its 200-day moving average and has traded between $157.93 and $238.57 over the past year.
• Analyst sentiment is mixed, with recent rating changes including downgrades from UBS and Berenberg and upgrades from Kepler and Zacks. MarketBeat says the overall consensus rating is currently Hold.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,514 shares, a drop of 40.3% from the June 15th total of 14,266 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 79,033 shares, the short-interest ratio is presently 0.1 days.

MTU Aero Engines Price Performance

MTUAY traded down $2.57 during trading on Thursday, reaching $197.43. 6,265 shares of the stock were exchanged, compared to its average volume of 27,007. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 18.47 and a beta of 1.01. MTU Aero Engines has a 1 year low of $157.93 and a 1 year high of $238.57. The business's 50 day moving average price is $186.68 and its two-hundred day moving average price is $198.88.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTUAY. UBS Group cut MTU Aero Engines from a "hold" rating to a "sell" rating in a research report on Friday, April 24th. Berenberg Bank cut MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Zacks Research raised MTU Aero Engines from a "strong sell" rating to a "hold" rating in a report on Thursday, May 14th. Kepler Capital Markets raised MTU Aero Engines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 7th. Finally, BNP Paribas Exane started coverage on MTU Aero Engines in a report on Monday, April 13th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold".

MTU Aero Engines Company Profile

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company's activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.

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