Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Decreases By 31.4%

Key Points

• There was a significant decrease of 31.4% in short interest for MTU Aero Engines AG in August, dropping from 3,500 shares to 2,400 shares.
• MTU Aero Engines' stock rose 1.2% to $214.75, with a market capitalization of $23.12 billion and a PE ratio of 24.80 as of the recent trading session.
• The company reported $2.71 earnings per share for the quarter ending July 24th, with analysts predicting an EPS of 8.69 for the current fiscal year.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,400 shares, a decline of 31.4% from the August 15th total of 3,500 shares. Based on an average daily trading volume, of 19,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 19,000 shares, the short-interest ratio is presently 0.1 days.

MTU Aero Engines Stock Performance

Shares of MTUAY stock traded down $1.44 during trading hours on Friday, hitting $211.14. The company's stock had a trading volume of 8,091 shares, compared to its average volume of 21,858. The company has a 50 day moving average of $219.35 and a 200 day moving average of $198.48. The stock has a market cap of $22.73 billion, a PE ratio of 24.38 and a beta of 1.34. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58. MTU Aero Engines has a 12-month low of $145.02 and a 12-month high of $229.06.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.71 EPS for the quarter. The business had revenue of $2.37 billion for the quarter. MTU Aero Engines had a net margin of 10.60% and a return on equity of 24.07%. On average, sell-side analysts forecast that MTU Aero Engines will post 8.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MTUAY shares. UBS Group downgraded shares of MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. The Goldman Sachs Group started coverage on shares of MTU Aero Engines in a research report on Friday. They issued a "neutral" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of MTU Aero Engines in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).