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

Key Points

• Short interest in MTU Aero Engines fell 36.5% to 2,620 shares as of August 31, representing roughly 0.0% of shares outstanding and a short-interest ratio of 0.1 days.
• Analyst sentiment is mixed: Deutsche Bank and Jefferies maintained “buy” ratings, while Barclays downgraded the stock to “strong sell.” The overall consensus rating remains “Hold.”
• The stock recently traded at $198.25, with a market capitalization of $21.36 billion. In its latest quarter, MTU narrowly missed earnings expectations but exceeded revenue forecasts, reporting $2.82 EPS and $2.83 billion in revenue.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,620 shares, a decline of 36.5% from the August 15th total of 4,127 shares. Based on an average daily trading volume, of 46,108 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Barclays downgraded shares of MTU Aero Engines from an "equal weight" rating to a "strong sell" rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group restated a "buy" rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

MTU Aero Engines Stock Performance

MTU Aero Engines stock traded up $4.34 during midday trading on Thursday, hitting $198.25. The stock had a trading volume of 5,661 shares, compared to its average volume of 30,299. The firm's fifty day moving average is $204.90 and its two-hundred day moving average is $192.95. MTU Aero Engines has a 52-week low of $157.93 and a 52-week high of $238.57. The company has a market capitalization of $21.36 billion, a PE ratio of 19.42 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.83 by ($0.01). The firm had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $2.60 billion. MTU Aero Engines had a net margin of 10.43% and a return on equity of 22.42%. On average, research analysts forecast that MTU Aero Engines will post 11.32 EPS for the current year.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a Germany-based manufacturer and service provider for aircraft engines. The company develops, produces and supports commercial and military engine programs, as well as engine modules and components for aircraft and industrial applications.

Its activities include the design and manufacture of high-pressure compressors, turbine components and other engine systems. MTU also provides maintenance, repair and overhaul services for commercial and military engines, helping airlines, armed forces and other operators maintain and extend the service life of their fleets.

Headquartered in Munich, Germany, MTU Aero Engines serves customers and partners internationally through its own operations and joint ventures with major aerospace companies.

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