Short Interest in ThyssenKrupp AG (OTCMKTS:TYEKF) Decreases By 34.9%

Key Points

• ThyssenKrupp AG experienced a significant decline in short interest, decreasing by 34.9% to 476,800 shares as of August 31st.
• The company's latest quarterly earnings report showed earnings per share of $0.28, surpassing analysts' expectations by $0.05, with revenue of $9.73 billion compared to an expected $8.62 billion.
• ThyssenKrupp's stock price opened at $11.90, with a market cap of $7.41 billion and a notable debt-to-equity ratio of 0.05.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 476,800 shares, a decline of 34.9% from the August 15th total of 732,300 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1,192.0 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1,192.0 days.

ThyssenKrupp Price Performance

Shares of OTCMKTS TYEKF opened at $11.90 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. ThyssenKrupp has a twelve month low of $3.25 and a twelve month high of $13.32. The stock has a 50 day moving average of $11.46 and a two-hundred day moving average of $10.64. The stock has a market cap of $7.41 billion, a P/E ratio of -8.38 and a beta of 1.12.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative return on equity of 7.71% and a negative net margin of 2.34%.The company had revenue of $9.73 billion during the quarter, compared to analysts' expectations of $8.62 billion.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.

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