ThyssenKrupp AG (OTCMKTS:TYEKF) Short Interest Update

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) was the target of a large 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 1,192.0 days. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 1,192.0 days. Approximately 0.1% of the shares of the company are short sold.

ThyssenKrupp Stock Performance

Shares of TYEKF stock traded down $0.43 during trading on Friday, reaching $13.48. 270 shares of the company's stock were exchanged, compared to its average volume of 15,910. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $8.39 billion, a PE ratio of -9.49 and a beta of 1.12. ThyssenKrupp has a twelve month low of $3.25 and a twelve month high of $13.90. The firm's fifty day moving average price is $11.56 and its 200-day moving average price is $10.74.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 EPS 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 firm had revenue of $9.73 billion for the quarter, compared to analyst estimates 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.