MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Down 37.5% in September

Key Points

• Short interest for MTU Aero Engines AG decreased by 37.5% in September, totaling 1,500 shares as of September 15th, compared to 2,400 shares at the end of August.
• Shares of MTU Aero Engines traded up 0.9% to reach $230.46, with a market capitalization of $24.81 billion and a price-to-earnings ratio of 26.61.
• Analysts' ratings for the stock vary, with Zacks and UBS downgrading it to a "hold" rating, while Deutsche Bank maintains a "buy" rating, resulting in a consensus rating of "Moderate Buy."

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,500 shares, a decrease of 37.5% from the August 31st total of 2,400 shares. Based on an average daily volume of 13,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 13,200 shares, the short-interest ratio is presently 0.1 days.

MTU Aero Engines Trading Up 0.9%

OTCMKTS:MTUAY traded up $1.96 on Friday, reaching $230.46. 6,012 shares of the company's stock were exchanged, compared to its average volume of 35,252. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 26.61 and a beta of 1.31. MTU Aero Engines has a 52-week low of $145.02 and a 52-week high of $232.86. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $219.26 and a 200-day moving average of $201.38.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.71 earnings per share for the quarter. The firm had revenue of $2.37 billion during the quarter. MTU Aero Engines had a net margin of 10.60% and a return on equity of 24.07%. As a group, analysts expect that MTU Aero Engines will post 8.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research lowered shares of MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of MTU Aero Engines in a research report on Thursday, August 14th. The Goldman Sachs Group assumed coverage on MTU Aero Engines in a research report on Friday, September 19th. They issued a "hold" rating for the company. Finally, UBS Group downgraded MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently 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).

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