MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Update

Key Points

• Short interest rose 60.1% to 4,127 shares as of August 14, although short interest remained effectively 0.0% of shares outstanding and represented just 0.2 days to cover.
• Analyst sentiment was mixed, with recent downgrades from Berenberg and Barclays offset by Buy reiterations from Deutsche Bank and Jefferies. MarketBeat’s overall consensus rating remained Hold.
• MTU Aero Engines shares fell 1.6% to $204.08. In its latest quarter, the company narrowly missed EPS expectations at $2.82 but exceeded revenue estimates with $2.83 billion in sales.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,127 shares, a growth of 60.1% from the July 30th total of 2,578 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 20,863 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

MTUAY has been the subject of several research reports. Berenberg Bank cut MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Barclays lowered MTU Aero Engines from an "equal weight" rating to a "strong sell" rating in a research note on Friday, August 7th. Zacks Research upgraded MTU Aero Engines from a "strong sell" rating to a "hold" rating in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of MTU Aero Engines in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, MTU Aero Engines has a consensus rating of "Hold".

MTU Aero Engines Stock Down 1.6%

MTU Aero Engines stock traded down $3.38 during midday trading on Monday, reaching $204.08. The company's stock had a trading volume of 10,742 shares, compared to its average volume of 26,569. The stock's 50-day simple moving average is $207.00 and its 200-day simple moving average is $195.84. The stock has a market capitalization of $21.99 billion, a P/E ratio of 19.99 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. MTU Aero Engines has a 52-week low of $157.93 and a 52-week high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.82 EPS for the quarter, missing analysts' consensus estimates of $2.83 by ($0.01). MTU Aero Engines had a return on equity of 23.33% and a net margin of 10.43%.The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.60 billion. On average, sell-side analysts expect that MTU Aero Engines will post 11.32 EPS for the current year.

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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